COMMISSION REGISTERS TWO COMPANIES AS DOMINATING IN GRAIN MARKET

ARMENPRESS
Oct 03 2007

YEREVAN, OCTOBER 3, ARMENPRESS: An Armenian government commission
for protection of economic competition has ruled today to register
two local companies, Salex Group and Manana Grain, as companies with
dominating position in local grain market.

The commission said today that it made a study and found that these
two companies hold almost 80 percent of the grain market. Each of the
companies controls one third of grain market. Salex Group accounted
last year for 42 percent of grain sales and the Manana Grain for
37 percent.

Ashot Shahnazarian, commission chairman, attributed the rise of prices
for wheat to rise of prices at global markets. He said in view of dry
weather in many wheat growing countries grain price may surge further.

Shahnazarian said that there is no exact information about how much
wheat is produced and sold by Armenian farmers.