WILL PRICE FOR BREAD DROP OFF?

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It is already 2 months since the price for wheat dropped off in the world market but it did not have a proper reflection on the Armenian market.
Today the RA State Commission for Protection of Economic Competition held a discussion-consultation with participation of economic managers in the market of wheat and flour.
Representative of “Manana grain”, “Arsen and Yervand”, “Verfar” companies participated in the discussion. However most of the invited companies did not turn up.
Ashot Shahnazarian, who conducted the discussion, dwelt on the current state of wheat and flour in the international and Armenian markets, as well as on the market dynamics, which cause anxiety from the angle of economic competition.
According to the survey in the international market price for wheat and flour has decreased by about 40%, while in the Armenian market, according to the analysis of the World Bank, the average importing price increased twice. The World Bank related it to the limited competition between flour mills and wheat importers.
Representatives of “Manana grain” and “Verfar” companies noted that they face a great problem in transportation since the prices are high, there are no enough compartments and sometimes they have to pay great taxes as the freighter’s disembargation is delayed.
However, Head of the Commission Ashot Shahnazarian did not agree to the statements on the grounds that the component of transportation is only 12% in the cost of goods, and non-reflection of the 40% decrease of international costs is not acceptable.
In the end of the discussion economic agents were given 15-20 days to review their attitude.

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more images It is already 2 months since the price for wheat dropped off in the world market but it did not have a proper reflection on the Armenian market. Today the RA State Commission for Protection ...