Armenia: Wheat Harvest Decreased By 47.2%

ARMENIA: WHEAT HARVEST DECREASED BY 47.2%

Agrimarket Consulting, Ukraine
Nov 22 2006

The volume of wheat production in Armenia will decrease by 47.2% –
as compared to 2005, and will make up 210.000 tonnes against 397.000
tonnes in 2005.

According to Garnik Petrosyan, Head of the Plant Department of Ministry
of Agriculture of Armenia, wheat harvest totaled 208.000 tonnes by 1
November, 2006. Also, Petrosyan informed that the reason of volume
decrease is draught. The annual demand for the product in Armenia
makes up 500.000 tonnes. Russia and USA are the main exporters of
wheat to Armenia.

Till 25, November Commodity Credit Corporation of USA (CCC) is
dispatching 28.3 th t of wheat for South Caucasian states. Georgia
will get 15 ths t (214.94 USD/1t), Azerbaijan – 10.8 ths t, Azerbaijan
(214.94/1t), Armenia – 2.5 th t (210.16 USD/1t). CCC has been set
up to support agriculture producers providing loans and financing
for purchase.