No drastic increase in wheat prices expected in Armenia, Agriculture Ministry saysAugust 30, 2010 - 13:50 AMT PanARMENIAN.Net - Despite the global rise in prices for wheat, no drastic increase is expected in Armenia, the country’s Agriculture Minister said. “The situation is under control,” Gerasim Alaverdyan told reporters on August 30. “We held consultation with seven major wheat importers, who purchased the essential amount of wheat from Kazakhstan and some other countries after Russia imposed restrictions on wheat export. However, Russia will make an exception for Armenia and supply a certain amount of wheat.” The price for wheat fluctuates from AMD 80 to 150 depending on the grade. The importers assured the Minister that there is no monopoly but a strong competition at the wheat market. So, Alaverdyan drew a conclusion that the prices will not go up considerably. As to opinion that the importers themselves inflated the prices, he noted, “It can’t be true. Importers are interested in emptying their storehouses to buy new lots for a lower price.” Armenia needs 650-720 thousand tons of wheat annually. In 2010, the harvest totaled 280 thousand tons against 370 thousand reaped last year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |