Armenia’s food prices to hike by 7-10% by end of year – experts’ projection
YEREVAN, April 15. /ARKA/. Food prices will rise by about 7-10% in Armenia by the end of this year, head of Consumers Union of Armenia Armen Poghosyan said.
Poghosyan said it is difficult to make any projections, but, in his opinion, increase in prices for meat and milk products in particular will range between 7 and 10%.
Prices for these products tend to rise due to high costs of cattle breeding, he said. Pasture is reducing and it is becoming more and more difficult to breed cattle, Poghosyan said.
According to ArmStat, prices for meat products fell by 1.4% in Armenia in March compared to March 2013 and by 1.4% against February. Prices for milk products hiked by 10% against March 2013 and by 1% compared to February.
In general, Armenia’s food prices dropped by 1% in March compared to February.
The ministry of agriculture says cattle rose by about 17,000 heads to 671,000. Number of sheep and goats increased by 45,000 to a total of 705,000. Number of pigs totaled 145,000.
According to the ministry of agriculture, only 30% of 1 million 118,000 hectares of pasture was used efficiently, as of June 2013. –0--