Tweet
ARMENIA DOUBLES COGNAC EXPORTS IN H1
Interfax
Sept 11 2012
Russia
Armenia doubled cognac exports to 7.4 million liters in the first
half of 2012, compared to 3.8 million liters in H1 2011, Chairman
of the Union of Armenian Winemakers Avag Arutyunyan said at a press
conference on Tuesday.
He said that 93%-95% of the cognac produced in Armenia is traditionally
exported to countries within the Commonwealth of Independent States
(CIS). Russia is the largest importer, followed by Ukraine, Belarus
and Kazakhstan.
Demand for Armenian cognac is on the rise, Arutyunyan said. In H1
2012, cognac production surged by almost 50% year-on-year and 20%
compared with the pre-crisis figure of 2007.
Meanwhile, Armenian wine exports remained unchanged in H1 2012.
Roughly 40% of Armenian wine is delivered to Russia, and the rest is
distributed to the European Union and the U.S. Two million liters of
wine were produced in H1 2012, which is 33% less than was produced
last year but 20% more than in pre-crisis 2007, Arutyunyan said.
Arutyunyan expressed concern over the fact that Armenia may not have
the necessary base for production in the next five to six years.
Armenian cognac is sold in Russia in the price segment of 300-500
rubles (1 ruble is equal to 12.99 dram) per bottle. This year,
producers are procuring 1 kilogram of grapes in Armenia for 140
dram, which is higher than last year's price of 10 dram. Prices for
grape preparation will continue to grow, since farmers do not make
enough money to develop their business. It would obviously not be
beneficial for Armenian cognac producers to buy grapes for 160-170
dram per kilogram, since they would therefore be unable to compete
in a higher price segment with European, and particularly French,
producers, Arutyunyan said.
The official exchange rate on September 10 was 412.1 dram/$1.
From: A. Papazian
Interfax
Sept 11 2012
Russia
Armenia doubled cognac exports to 7.4 million liters in the first
half of 2012, compared to 3.8 million liters in H1 2011, Chairman
of the Union of Armenian Winemakers Avag Arutyunyan said at a press
conference on Tuesday.
He said that 93%-95% of the cognac produced in Armenia is traditionally
exported to countries within the Commonwealth of Independent States
(CIS). Russia is the largest importer, followed by Ukraine, Belarus
and Kazakhstan.
Demand for Armenian cognac is on the rise, Arutyunyan said. In H1
2012, cognac production surged by almost 50% year-on-year and 20%
compared with the pre-crisis figure of 2007.
Meanwhile, Armenian wine exports remained unchanged in H1 2012.
Roughly 40% of Armenian wine is delivered to Russia, and the rest is
distributed to the European Union and the U.S. Two million liters of
wine were produced in H1 2012, which is 33% less than was produced
last year but 20% more than in pre-crisis 2007, Arutyunyan said.
Arutyunyan expressed concern over the fact that Armenia may not have
the necessary base for production in the next five to six years.
Armenian cognac is sold in Russia in the price segment of 300-500
rubles (1 ruble is equal to 12.99 dram) per bottle. This year,
producers are procuring 1 kilogram of grapes in Armenia for 140
dram, which is higher than last year's price of 10 dram. Prices for
grape preparation will continue to grow, since farmers do not make
enough money to develop their business. It would obviously not be
beneficial for Armenian cognac producers to buy grapes for 160-170
dram per kilogram, since they would therefore be unable to compete
in a higher price segment with European, and particularly French,
producers, Arutyunyan said.
The official exchange rate on September 10 was 412.1 dram/$1.
From: A. Papazian