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Armenian Expert Says Rise In Dairy Prices 'Mysterious'

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  • Armenian Expert Says Rise In Dairy Prices 'Mysterious'

    ARMENIAN EXPERT SAYS RISE IN DAIRY PRICES 'MYSTERIOUS'

    Tert.am
    27.12.11

    Prices of dairy products rose during the outgoing year mysteriously,
    a market expert has said, analyzing the results of a research that
    has used the data issued by Armenia's National Statistical Service.

    Speaking to reporters on Tuesday, Yelena Manukyan from the Centre
    for Economic Development and Research who conducted the research said
    that the increase of prices of some other products is easy to explain.

    "The increase of bread prices was related to Russia's ban on grain
    exports in 2010," said she, adding that as a result the price of
    bread went up by 9.3% from January-February.

    Speaking about the rise in potato prices, she said that this product
    is not hard to store for long periods and therefore farmers are not
    interested in reducing the prices.

    "However, the rise in dairy products is not easy to substantiate,"
    she said.

    "Compared to the beginning of the year prices of yogurt, sour cream
    rose by 7% as of October, while the price of milk has risen only by
    0.2%," she added.

    Further, Yelena Manukyan advised the National Statistical Service to
    provide also explanations instead of simply publicising the data.


    From: Baghdasarian
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