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Minister: Prices For Agricultural Products In Armenia Expected To St

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  • Minister: Prices For Agricultural Products In Armenia Expected To St

    MINISTER: PRICES FOR AGRICULTURAL PRODUCTS IN ARMENIA EXPECTED TO START FALLING IN JUNE

    /ARKA/
    MAY 20, 2011
    YEREVAN

    YEREVAN, May 20. /ARKA/. Prices for agricultural products in Armenia
    will start going down in June, Agriculture Minister Sergo Karapetyan
    said on Friday.

    He told journalists that the monitoring being held all over the country
    for estimating volumes of this year's crop gave grounds for thinking
    that Armenia would have medium apricot crop this year.

    Expectations for other fruits are higher.

    "Crop capacity in some communities is good, while in other communities
    it is not so good," he said. "That is why the average expected apricot
    crop is being gauged."

    In his words, grapes crop is expected to be large this year.

    According to official statistical reports, Armenia recorded 11.1%
    year-on-year inflation in the first quarter of this year. This
    inflation rate is among highest in the Commonwealth of Independent
    States.

    In 2010, Armenia's agriculture faced 15.7% decline due to bad
    weather.

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