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Yerevan Brandy Company Begins Grape Procurement In Armavir Province

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  • Yerevan Brandy Company Begins Grape Procurement In Armavir Province

    YEREVAN BRANDY COMPANY BEGINS GRAPE PROCUREMENT IN ARMAVIR PROVINCE

    /ARKA/
    September 15, 2011
    YEREVAN

    YEREVAN, September 15. / ARKA /. The French-owned Yerevan Brandy
    Company (YBC) began today grape procurement in Armavir province,
    Armenian ministry of agriculture said to ARKA. It said minister
    Sergo Karapetian, Armavir governor Ashot Ghahramanyan and YBC CEO,
    Ara Grigorian, visited the Hoktemberyan branch of the company to
    observe the procurement process.

    The minister said this year as much as 225 thousand tons of grapes
    is to be bought by wineries, as much as last year. The minister said
    grapes will be bought at 130 drams per one kg.

    "The ministry together with competent staff of regional administrations
    will follow the entire procurement process", Karapetian said.

    Ara Grigorian told journalists earlier this month that the Yerevan
    Brandy factory will buy about 21,000 tons of grapes. The plant has
    contracts with 2,900 farmers. According to him, YBC will account for
    30% of all grape purchases in the country.

    According to the ministry of agriculture, this year processing
    companies are going to buy from 144 thousand to 155 thousand tons of
    grapes. In 2010 they bought 135 thousand tons of grapes at an average
    price of 124.4 drams for 1 kg.

    The Yerevan Brandy Factory was founded in 1887. In June 1998 it was
    acquired by French Pernod Ricard at $30 million.



    From: Emil Lazarian | Ararat NewsPress
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