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Economy | 30.08.10 | 16:37

Bread issue: Armenia sees wheat and flour prices go up as Russia bans grain export

By Gayane Mkrtchyan
ArmeniaNow reporter
A 30 percent rise in bread prices and a 20 percent increase in the price of flour in Armenia follow an unprecedented drought in Russia, a major world grain producer and Armenia’s main wheat supplier.

The decision by Moscow earlier this month to place a ban on the export of wheat until the end of this year for fear of shortages on its domestic market resulted in rising prices on the international grain market, which also affected prices in Armenia.

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