MINISTER: PRICES FOR AGRICULTURAL PRODUCTS IN ARMENIA EXPECTED TO START FALLING IN JUNE

/ARKA/
MAY 20, 2011
YEREVAN

YEREVAN, May 20. /ARKA/. Prices for agricultural products in Armenia
will start going down in June, Agriculture Minister Sergo Karapetyan
said on Friday.

He told journalists that the monitoring being held all over the country
for estimating volumes of this year’s crop gave grounds for thinking
that Armenia would have medium apricot crop this year.

Expectations for other fruits are higher.

“Crop capacity in some communities is good, while in other communities
it is not so good,” he said. “That is why the average expected apricot
crop is being gauged.”

In his words, grapes crop is expected to be large this year.

According to official statistical reports, Armenia recorded 11.1%
year-on-year inflation in the first quarter of this year. This
inflation rate is among highest in the Commonwealth of Independent
States.

In 2010, Armenia’s agriculture faced 15.7% decline due to bad
weather.