417.16 EUR 
536.59 RUR 
Yerevan Brandy Company to purchase no less than 24,000 tons of grapes from farmers this year
YEREVAN, September 7. /ARKA/. Yerevan Brandy Company will purchase no less than 24,000 tons of grapes from farmers this year, Ara Grigoryan, executive director of the company, said on Friday.
He told journalists that this volume is greater than the previous year’s by 3,000 tons.
“Taking into account the importance of development of industry in Armenia’s border areas, Yerevan Brandy Company is consistently enlarging volumes of its grapes procurements there,” he said. “The company will buy 3,400 tons from Tavush province, including the whole harvest of border villages.”
The company’s branch in Aygavan village of Ararat province will start purchasing grapes on September 10, the branch in Armavir on September 11, and that in Berd, Tavush province, on September 20.
“This time we will purchase everything grown by farmers in Berd, so that their hard work, their efforts to grow grapes do not waste,” Grigoryan said.
He said the price for one kilogram is set at 140 drams in Armavir and Aygavan and 130 drams in Tavush.
“Farmers will receive their money no later than in 10 days after delivery,” he said adding that the procurement process is organized very well – every farmer is informed about the day of supply.
Grigoryan also said that the company will sign for the first nine-year contracts with farmers.
These long-term contracts will allow them to think also about the future. Such contracts will initially make up 30% of the total number of contracts.
According to the agriculture ministry’s figures, Armenia’s grapes output is expected to reach 235,000 to 240,000 tons this year against 229,400 tons in 2011.
In 2011, Armenia’s canneries purchased about 150,000 tons of grapes at an average price of 120-130 drams.
Yerevan Brandy Company was established in 1887. In 1998, it was acquired by French Pernod Ricard at $30 million at an international tender. ($1 – AMD 411.82). -0-
19:00 07.09.2012
