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ARMENIA'S ANTITRUST AGENCY CONCENTRATES ATTENTION ON CHEESE PRICE HIKE
/ARKA/
November 3, 2010
YEREVAN
Armenian State Commission for Protection of Economic Competition will
conduct a study to see causes of the recent cheese price hike in the
country, Artak Shaboyan, chairman of the commission, said on Wednesday.
He said that cheese market under constant scrutiny - the commission
conducts regular monitoring here.
According to media publications, prices for almost all dairy products
rose by 20 to 30 drams, and cheese price leapt to the record AMD
2,200 and over from the recent AMD 1,400.
Shaboyan said that the antitrust commission has invited representatives
of cheese-producing companies on October 22 for explaining the
price hike.
Companies blamed milk suppliers for raising the milk price.
The commission decided to launch a special study, including
inspections, to find real causes of the price rise.
"Results of this study will be made public," Shaboyan said.
According to the commission's information, cheese production is
dispersed in Armenia. There are 78 cheese-producing companies less
some farms in the country.
The constantly growing number of cheese makers show competition in
the market.
The commission demanded cheese makers to submit information about their
output and justification of the price rise. ($1 = AMD 358.48).
From: A. Papazian
/ARKA/
November 3, 2010
YEREVAN
Armenian State Commission for Protection of Economic Competition will
conduct a study to see causes of the recent cheese price hike in the
country, Artak Shaboyan, chairman of the commission, said on Wednesday.
He said that cheese market under constant scrutiny - the commission
conducts regular monitoring here.
According to media publications, prices for almost all dairy products
rose by 20 to 30 drams, and cheese price leapt to the record AMD
2,200 and over from the recent AMD 1,400.
Shaboyan said that the antitrust commission has invited representatives
of cheese-producing companies on October 22 for explaining the
price hike.
Companies blamed milk suppliers for raising the milk price.
The commission decided to launch a special study, including
inspections, to find real causes of the price rise.
"Results of this study will be made public," Shaboyan said.
According to the commission's information, cheese production is
dispersed in Armenia. There are 78 cheese-producing companies less
some farms in the country.
The constantly growing number of cheese makers show competition in
the market.
The commission demanded cheese makers to submit information about their
output and justification of the price rise. ($1 = AMD 358.48).
From: A. Papazian