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  • Our Prices Go Up Irrespective Of International Market Situation

    OUR PRICES GO UP IRRESPECTIVE OF INTERNATIONAL MARKET SITUATION

    Aysor
    Aug 23 2010
    Armenia

    Ex-President of the Central Bank of Armenia (CBA) Bagrat Asatryan
    spoke about the situation in the grain market at a press conference
    mentioning that the grain prices were affected by the situation
    in South and North America, yet Russia played a decisive role in
    the market.

    According to the speaker, Russia's ban on grain exports "was a
    diversion against the very Russian grain producers."

    "The prices in the international grain market went up after suspension
    of grain exports from Russia but the situation stabilized later
    due to redistribution in the market and good news from Canada and
    Argentina which proved to be reaping a rich harvest," Asatryan said
    in his remarks.

    "Flour price went up 20-25 percent in Armenia, while Armenia has
    not yet imported grain at increased price. Prices in Armenia go up
    irrespective of the situation in the international market," speaker
    stressed.




    From: A. Papazian
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