YEREVAN BRANDY COMPANY PLANS TO PURCHASE 32.000 TONS OF GRAPE IN 2009

/PanARMENIAN.Net/
10.09.2009 18:45 GMT+04:00

/PanARMENIAN.Net/ This year, Yerevan Brandy Company is planning to
purchase 32 thousand tons of grape, which is 1000 tons more compared to
previous year, YBC Executive Director Ara Grigoryan told journalists
in Yerevan. "Investment planned for this purpose will amount to 4
billion Drams" he said.

The company had previously intended to purchase 31 thousand tons of
grape, but considering the country’s social situation it decided to
purchase 1000 tons more, Executive Director said. According to him,
there is currently demand for 60 thousand tons, but company is not
technically capable of purchasing that quantity.

"Recognizing its responsibility and role of a sphere leader, YBC
remains true to its 5000 grape growers," Grigoryan said. Grape purchase
campaign will start on September 16 in Armavir branch and then continue
on September 18 and 28 in Aghavan and Tavush branches. Established
prices per kilogram is AMD 130 for Armavir and Aygavan regions and AMD
120 – for Tavush branch. As noted by Executive Director, per kilogram
price in 2008 comprised AMD 140 in Armavir and Aygavan branches and AMD
130 – in Tavush branch. "Grape purchase is a commercial transaction
where price depends on volumes. Market currently offers AMD 100-110
per kilogram. Considering our responsibility to farmers as well as
the social factor we offer our partners a higher price," he noted.