The RA Statistical Committee reports that Armenia imported a total of 314,000 tons of wheat this January-September – a decrease of 65,000 tons or 26% as compared with the corresponding period last year.

Armenia’s annual consumption of wheat totals 700-800 thousand tons, with imports totaling 500,000 tons.

This year, wheat has been imported to Armenia at a customs value of U.S. $250 per ton. However, the wheat was imported at a higher price, but the Armenian Government made a political decision allowing the RA State Revenues Committee to get customs clearance for the wheat at a value of U.S. $250, for importers to pay lower VAT.

Thus, the Government granted them tax benefits.