BRANDY PRODUCTION TO FALL BY 30% IN 2009 IN ARMENIA

ArmInfo
2009-11-16 16:14:00

ArmInfo. Brandy production in Armenia reduced much and by the results
of 2009 it will fall by 30% in 2009 instead of the expected 55-60%,
chairman of Armenian wine producers’ union, Avag Harutyunyan, said
at today’s press-conference.

He also added that activation of the production and sale rates by
10-15% may be expected on the threshold of New Year. He also said
that 93-94% of the brandy produced in Armenia are exported to the
CIS countries, and 97% out of this number – to Russia. But because of
the world financial crisis the demand for this production has reduced.

Harutyunyan said that in 2009 grape was purchased for cheaper price
from the farmers, thanks to which prime cost of brandy may reduce.

‘The prime cost of brandy production in 2-3 years may reduce and wine
factories may cut prices. The negative affect of the world crisis
at the Armenian brandy production is ending gradually and the market
is reviving’, – he said. As for the wine production, the crisis has
not affected it, as wine is almost not exported and is sold in the
republic in small number, he said.

To note, according to the statistical data, brandy production in
Armenia in Jan-Sept 2009 reduced by 40,4% – to 6801 thsd litres if
compared with the similar period of 2008. The wine production has
grown by 12,7% – up to 2330,7 thsd litres.