As reported worldwide in recent weeks, the United Nations and World Bank warn that a world food crisis is possible. The rise in prices for food and foodstuffs jeopardizes many countries’ stability and security.

The rise in food prices on the world markets unavoidably provokes inflation in small countries like Armenia. Prices for imported foodstuffs particularly grow here. According to Armenia’s National Statistical Service, in the course of three months, from December 2007 to March 2008, prices for foodstuffs grew by 7.2 percent.