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Armenian Cognac Production Drops 40% In 9 Months

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  • Armenian Cognac Production Drops 40% In 9 Months

    ARMENIAN COGNAC PRODUCTION DROPS 40% IN 9 MONTHS

    Interfax
    Nov 2 2009
    Russia

    The Armenian cognac production dropped by 40.4% to 6.801 million
    liters in January-September 2009 compared to the same period in 2008,
    the national statistics service said in a report.

    Cognac production growth rates started to decrease, reaching a peak
    of 50.4% in the first half of 2009.

    The main reason for this slump is the global financial crisis which
    led to a reduction in Armenian cognac consumption on its traditional
    markets, Russia and Ukraine.

    Domestic production of liqueurs and spirits in the first nine months
    of 2009 dropped by 1.4% to 8,299,400 liters. Wine production rose
    by 12.7% to 2,330,700 liters, sparkling wines dropped by 9.4 % to
    144,800 liters.

    Beer output remained the same in the reporting period and totaled
    26,413,800 liters.
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