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ARMENIA'S BREAD PRICES ARE EXPECTED TO RISE - NEWSPAPER
news.am
May 26, 2012 | 06:44
YEREVAN. - The economists claim that vodka production, which is
sizeable in Armenia, likewise causes an increase in the prices of
bread and pasta in the country. That is to say, alcohol producers
also purchase wheat from the market, Zhoghovurd daily writes.
"Those who are close to the Agriculture Ministry have informed that
around thirty percent of the wheat being consumed in Armenia is
local production. But this volume should not have impacted the [US]
dollar-[Armenian] dram ratio, whereas all bread manufacturers note
these days that bread product prices have risen as a result of the
dollar's gaining value.
Incidentally, the next wave of bread-price-increase could commence
several months later, [and] as a consequence of the expected drought
in Russia," Zhoghovurd writes.
From: A. Papazian
news.am
May 26, 2012 | 06:44
YEREVAN. - The economists claim that vodka production, which is
sizeable in Armenia, likewise causes an increase in the prices of
bread and pasta in the country. That is to say, alcohol producers
also purchase wheat from the market, Zhoghovurd daily writes.
"Those who are close to the Agriculture Ministry have informed that
around thirty percent of the wheat being consumed in Armenia is
local production. But this volume should not have impacted the [US]
dollar-[Armenian] dram ratio, whereas all bread manufacturers note
these days that bread product prices have risen as a result of the
dollar's gaining value.
Incidentally, the next wave of bread-price-increase could commence
several months later, [and] as a consequence of the expected drought
in Russia," Zhoghovurd writes.
From: A. Papazian