YEREVAN, November 23. / ARKA /. Armenian wineries owe 706 million drams to local farmers for grapes procured earlier this year, a deputy agriculture minister Robert Makaryan said today.
He said by November 22 the wineries had paid 21.5 billion drams to wine growers, which constituted 96.8% of the total amount.
He said canneries owe farmers 300 million drams, after having paid 93.4% of the amount for procurement of vegetables and fruits.
According to him, most of the processing companies made payments within 7-10 business days; others have pledged to pay the debts before December 1 of this year.
In the past, many of these companies could not pay for procurements in due time accumulating huge debts. The problem disappeared after the ministry of agriculture made contracts between companies and farmers mandatory.
Makaryan said 6,900 contracts were signed this year, including 5,900 for the purchase of grapes. ($ 1 - 406.82 drams). -0-