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Rise In Prices For Imported Products In Armenia

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  • Rise In Prices For Imported Products In Armenia

    RISE IN PRICES FOR IMPORTED PRODUCTS IN ARMENIA

    19:33 * 17.12.14

    The depreciation of the Armenian national currency is being accompanied
    by a rise in prices for imported products.

    As regards domestic producers, only one of four companies informed
    Tert.am they have raised the price for their products supplied to
    shops. Meat food producers have mostly raised their prices.

    Cheese

    Director of the Aparan Group company Edgar Parvanyan told Tert. am
    that the company has not changed its prices.

    "We make our cheese out of fresh milk. And the price for our cheese
    has not been raised in shops."

    The Tamara company informed Tert.am that it has not raised its prices
    this year.

    Director of the Sis Alp company Husik Stepanyan told Tert.am that
    the company has not yet raised its price.

    Meat food

    A source at the Atenk company informed Tert.am that the USD
    appreciation against the Armenian dram forced the company to raise
    the prices for its products by AMD 30 to 500.

    The Bari Samaratsi company told Tert.am that it has raised the prices,
    without specifying the figures.

    Deputy Director of the Mush company Norik Avetisyan told Tert.am
    that the company has raised the prices for its prime products by 10
    to 13 percent.

    "The major reason is the USD appreciation, while we import the primary
    products and have loan-related problems."

    Director of the Marila company Frunze Hovhannisyan told Tert.am that
    the company has not raised the prices for its products.

    "I cannot say whether we will raise our prices in the near future
    because everything depends on the US dollar. We have to wait a little
    to understand the situation."

    Milk products

    The Ani Product company told Tert.am that it has not raise its
    cheese prices. However, the company has raised the prices for matsoun
    (fermented milk) and curds by 15 drams.

    Chief Accountant of the Arzni Kat David Hovhannisyan told Tert.am
    that the company has revised its prices.

    "The US dollar is appreciating so rapidly that we are sustaining
    losses," he said.

    Director of the IGIT factory Andranik Igityan said that the company
    has not yet raised its prices.

    "We are waiting until the end of December. If the exchange rate does
    not stabilize we'll have to raise our prices."

    Baked products

    A source at the Garni-based 'Suriki Lavash' company told Tert.am that
    the company has not yet raised its prices.

    Director of the Sevan Bakery Ashot Avetisyan said that the company
    has raised its prices by about 12% since last month.

    "We are sustaining losses, and the company cannot recover."

    According to the Tert.am monitoring, Alex Grig company has raised
    its prices by 40 to 45 per cent, particularly the prices for imported
    products.

    http://www.tert.am/en/news/2014/12/17/prices/1538821

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