Armenia's anti-trust agency is trying to find out the reason behind dramatic drop in the prices of eggs
13.02.2020,
17:08
The head of Armenia's anti-trust agency said today his subordinates have been trying to find out the reason behind a dramatic drop in the prices of eggs.
YEREVAN, February 13. /ARKA/. The head of Armenia's anti-trust agency said today his subordinates have been trying to find out the reason behind a dramatic drop in the prices of eggs.
Speaking to reporters Gegham Gevorkyan, the chairman of the State Commission for the Protection of Economic Competition, said they have collected a lot of information from small producers. He said the cost of eggs dropped to as low as 20-25 drams per one from 55-70 drams.
According to him, the current prices of eggs are below their primary cost and the Commission is considering various theories - from overproduction to anticompetitive collusion by large producers. He denied media reports claiming that the drop resulted from imports of huge quantities of eggs, saying according to official statistics, eggs were last imported into the country in March 2019.
He said the main reason may be overproduction. He said also the Commission is currently conducting a study of the market to find out whether there are expired eggs, and will also analyse the prices and come out with a conclusion.
He recalled that on the eve of the New Year there was no increase in prices for essential foodstuffs. -0—
Speaking to reporters Gegham Gevorkyan, the chairman of the State Commission for the Protection of Economic Competition, said they have collected a lot of information from small producers. He said the cost of eggs dropped to as low as 20-25 drams per one from 55-70 drams.
According to him, the current prices of eggs are below their primary cost and the Commission is considering various theories - from overproduction to anticompetitive collusion by large producers. He denied media reports claiming that the drop resulted from imports of huge quantities of eggs, saying according to official statistics, eggs were last imported into the country in March 2019.
He said the main reason may be overproduction. He said also the Commission is currently conducting a study of the market to find out whether there are expired eggs, and will also analyse the prices and come out with a conclusion.
He recalled that on the eve of the New Year there was no increase in prices for essential foodstuffs. -0—
