Abgar Yeghoyan: rise in price for wheat and flour conditioned by RF PM's statement

PanARMENIAN.Net - The rise in prices for wheat and flour is a result of the stir caused by Russian Prime Minister Vladimir Putin’s recent statement, announcing temporary ban on grain export from Russia, Consumer Rights Protection NGO chairman Abgar Yeghoyan believes.

“The reaction is understandable, given the fact that Russia is the main vendor of grains to Armenia. However RA media exaggerates the problem, adding fuel into fire,” he noted.

As he pointed out, in 2010, the U.S. plans a 15 million ton increase in grain export volume, with world market prices dropping by USD 5.

In conclusion, Yeghoyan urged State Committee for Economic Competition to toughen sanctions on violators, increasing penalties from 2 to 5% of annual turnover.