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Armenian Egg Producers Facing Bankruptcy

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  • Armenian Egg Producers Facing Bankruptcy

    ARMENIAN EGG PRODUCERS FACING BANKRUPTCY

    WorldPoultry.net
    http://www.worldpoultry.net/news/armenian-egg-producers-facing-bankruptcy-9296.html
    Aug 31 2011

    Illegal imports of cheap eggs is killing the Armenian egg producing
    industry, according to a report by local newspaper with reference to
    the conflicting data of the Ministry of Agriculture and services of
    the Customs Union.

    The newspaper, 168 hours, quoted Deputy Minister of Agriculture of
    the Republic Grisha Bagyana, who noted that up to 1 million eggs
    are imported from the Ukraine into the country every month. At the
    same time, Customs Services statistics show that illegal egg imports
    amounted to much more - almost 2.5 million per month.

    "Of course, illegal import products are not dissolving into thin air.

    Cheap imported eggs are sold under the pretense of local products,
    which results in the fact that a lot of Armenian egg producers fail
    to match the competition, have a big loss and are forced to phase
    down production" said representatives of the Ministry of Agriculture
    of the country.

    Official statistics are not available, but according to the Regnum
    news agency already about 20% of small egg producers in Armenia went
    bankrupt, and still about 30% are in a serious condition. If the
    situation does not change any time soon, the major producers of eggs
    in Armenia will also face imminent problems. Experts are worrying
    that without government intervention, the entire industry soon could
    be on the verge of a profound crisis.

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