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FAO: Armenia Among 10 Countries With Highest Food Prices

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  • FAO: Armenia Among 10 Countries With Highest Food Prices

    FAO: ARMENIA AMONG 10 COUNTRIES WITH HIGHEST FOOD PRICES

    news.am
    Jan 12 2011
    Armenia

    The UN Food and Agriculture Organization (FAO) included Armenia in
    top ten of countries with highest food prices as of second half of
    2010, Jean-Michel Happi, the World Bank Country Manager for Armenia,
    told the journalist today.

    According to him, Armenia's economy is rather open which results in
    fast penetration of price increase from external markets. Bad weather
    conditions in Armenia also caused decline in agriculture resulted in
    price increase for agricultural products.

    The WB forecasts decrease in inflation rate, price rise will range
    between 4 to 5% against 9.4% in 2010.




    From: A. Papazian
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