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Zhoghovurd: Armenia’s bread prices are expected to rise
YEREVAN. – The economists claim that vodka production, which is sizeable in Armenia, likewise causes an increase in the prices of bread and pasta in the country. That is to say, alcohol producers also purchase wheat from the market, Zhoghovurd daily writes.
“Those who are close to the Agriculture Ministry have informed that around thirty percent of the wheat being consumed in Armenia is local production. But this volume should not have impacted the [US] dollar-[Armenian] dram ratio, whereas all bread manufacturers note these days that bread product prices have risen as a result of the dollar’s gaining value.
Incidentally, the next wave of bread-price-increase could commence several months later, [and] as a consequence of the expected drought in Russia,” Zhoghovurd writes.