About two weeks ago in Armenia the price of bread and bakery increased. The wheat importers, however, ensure that the operating wheat mills work with loss as the international price of bread is higher than what they price for flour. The owner of Mancho Group company Vanik Mosoyan told our reporter that the recent increase of thee prices in the Armenian market don’t match with the increase of the prices of the international market. “The price, by which we sell the flour, is not realistic. These are artificially lowered prices. At the moment the sack of high-quality flour should cost 12 thousand AMD in Armenia instead of 10.000 AMD.” The owner of Manand Grain company Gourgen Nikoghosyan said that after the ban on part of Russia to export its wheat, they are seeking alternative ways. “In the republic we still have reserves of wheat for 3-4 months. There will be no deficit for bread but it should suit with the rules of the stock market.”.
