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Social | 28.07.10 | 16:31

Bad Bread Weather: Decrease in Russia rain means increase in prices in Armenia

By Gayane Abrahamyan
ArmeniaNow reporter
A drought in Russia has led to a 20-25 percent hike in bread prices in Armenia. Economists predict even steeper increases in all wheat-based products, as Russian farmers – who produce nearly 80 percent of Armenia’s wheat supply – suffer their worst drought in 120 years.

Consumer rights activists, however, say that the current increase is unfounded, charging that the stocks of current flour are sufficient to supply demand and that prices should not be affected yet. In fact, prices have not yet been affected in Russia, though officials expect up to a 30 percent increase after the autumn harvest.

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