Wednesday, October 11 2017 15:08
Naira Badalian

Minister of Agriculture of Armenia calls not to panic because of rising prices for meat

Minister of Agriculture of Armenia calls not to panic because of  rising prices for meat

ArmInfo.Armenian Agriculture  Minister Ignatiy Araqelyan calls not to panic because of rising  prices for meat. "There are goods that can rise in price, there are  those that are becoming cheaper: it is the market - it regulates  these relations," the minister said on October 11 at the final press  conference

According to him, the increase in prices is a boon, as it  will entail an increase in investments in the sphere, and, in the  end, the market itself will adjust prices. "It is wrong to draw  conclusions on the results of the monthly price hike, all the more it  is incorrect to say that the Ministry of Agriculture does not control  the situation and does not have information." We all have our own,  but we do not want to react to everything, "Arakelyan said.

It is noteworthy that, as the head of the Ministry of Agriculture  stated, following the talks with the villagers, he realized that,  despite the increase in prices for livestock feed, they did not raise  the prices for beef and mutton. According to the minister, they can  not be interested in this, as the villagers have a problem, both with  the sale of the goods, and with the operative resolution of their own  financial tasks. And here, as the head of the Ministry of Agriculture  confessed, he sees concrete contradictions. "In this context, the  increase in meat prices in Yerevan is incomprehensible for me - I can  not explain the phenomenon in any way," Arakelyan said.

Nevertheless, according to the Minister, the increase in meat prices  in Armenia is mainly due to the rise in price of pork on the  international market. Lamb rose in price due to doubling of export  volumes. This year, Armenia exported 12,000 sheep more than last  year. The export was sent to Iraq, to be exact, to Iraqi Kurdistan,  and Qatar. Beef, according to Arakelyan, has risen in price only by  100-150 drams. "This is not a rise in price, only the market has made  its own adjustments," he said. In addition, according to Arakelyan,  the year was unfavorable for field crop cultivation, which led to a  rise in the price of fodder for livestock.  However, as the minister  noted, cattle farms are provided with the necessary amount of feed.  "If there is a shortage, we are ready to organize its import," he  added.

To note, over the past month in Armenia there is a rise in price of  meat and butter. According to the National Statistical Service, the  average price for 1 kg of beef in August in Yerevan was about 2100  drams, and lamb - about 2200 AMD. The increase in prices for pork was  more tangible - 2,600 AMD. Thus, if the price of beef increased by  about 200 AMD, the rise in prices for pork amounted to 800 AMD.  Already in September, the price of one kilogram of beef reached 2,100  to 2,500 AMD, lamb - from 2,200 to 2,800 drams, pork from 2,600 to  3,500 AMD. The relevant authorities explain the increase in meat  prices as an unfavorable year for agriculture, and for oil - by price  fluctuations in the world market. Experts predict a further rise in  price for essential goods.

POST A COMMENT
Input digits     


News
In Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactionsIn Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactions
Train loaded with  SOCAR petroleum products arrives in ArmeniaTrain loaded with  SOCAR petroleum products arrives in Armenia
RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs 
RA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian borderRA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian border
Azerbaijani fuel import to Armenia  indicates  lack of economic  policy: David AnanyanAzerbaijani fuel import to Armenia  indicates  lack of economic  policy: David Ananyan
Fly Kish starts operating flights on route Tehran-Yerevan-Tehran Fly Kish starts operating flights on route Tehran-Yerevan-Tehran 
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Prime Minister: Train carrying petroleum products  heading from  Azerbaijan to ArmeniaPrime Minister: Train carrying petroleum products  heading from  Azerbaijan to Armenia
 RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility
Armenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  borderArmenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  border
RA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. PetersburgRA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. Petersburg
 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026
Converse Bank joins the Partnership for Carbon Accounting Financials Converse Bank joins the Partnership for Carbon Accounting Financials 
Mandron: EDB no longer plans to participate in  Amulsar gold deposit  development projectMandron: EDB no longer plans to participate in  Amulsar gold deposit  development project
Mandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction projectMandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction project
Ardshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEsArdshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEs
 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026
 Pashinyan calls for Pashinyan calls for "resolving cash issue" and closing stores that  offer discounts for cash payments
 EDB forecasts 6% economic growth in Armenia by the end of 2025 EDB forecasts 6% economic growth in Armenia by the end of 2025
Azerbaijan to send first shipment of petroleum products to ArmeniaAzerbaijan to send first shipment of petroleum products to Armenia
Armenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  VietnamArmenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  Vietnam
Pan-Armenian competition Innovate Armenia  launchedPan-Armenian competition Innovate Armenia  launched
AraratBank Supports Digitization of AraratBank Supports Digitization of "Karin" Scientific Center Archive
Welcome to the ID booth: Big Christmas MarketWelcome to the ID booth: Big Christmas Market
Opportunities for expanding economic cooperation between Armenia and Switzerland discussed in YerevanOpportunities for expanding economic cooperation between Armenia and Switzerland discussed in Yerevan
24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan
PSRC approves Gazprom Armenia`s investment program for 2026-2030PSRC approves Gazprom Armenia`s investment program for 2026-2030
Georgian PM comments on oil  product supplies from Azerbaijan to  ArmeniaGeorgian PM comments on oil  product supplies from Azerbaijan to  Armenia
RA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-monthsRA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-months
Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% 
EIB to provide  50 million euro loan to Armenia for  implementing  EIB to provide  50 million euro loan to Armenia for  implementing  "Armenia - Sustainable Syunik" program
Armenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-KarabakhArmenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-Karabakh
Diplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practiceDiplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practice
Idcoins and idplus gift cards at Big Christmas MarketIdcoins and idplus gift cards at Big Christmas Market
The Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of SupermicroThe Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of Supermicro
American diplomat: The United States seeks to ensure Armenia`s energy independenceAmerican diplomat: The United States seeks to ensure Armenia`s energy independence
 Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister
"In Our Way" movement: What kind of winemaking center are we talking  about if Kakheti exports $200 million worth of wine, while Vayots  Dzor only exports $2 million?
Armenia  improved control of products subject to phytosanitary  supervision - RosselkhoznadzorArmenia  improved control of products subject to phytosanitary  supervision - Rosselkhoznadzor
Armenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in LondonArmenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in London
EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in ArmeniaEIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in Armenia
Armenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the yearArmenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the year
Armenia the sixth  largest exporter of fish to the Russian marketArmenia the sixth  largest exporter of fish to the Russian market
Pashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energyPashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energy
Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15
Armenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom headArmenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom head
Armenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpartArmenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpart
Globbing launches its debut issue of AMD and USD registered coupon  bonds in ArmeniaGlobbing launches its debut issue of AMD and USD registered coupon  bonds in Armenia
How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach PlatformHow to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform
Armenian businesses to receive tax deductions for donations to  educationArmenian businesses to receive tax deductions for donations to  education
Armenia to be recognized as PPR-free zoneArmenia to be recognized as PPR-free zone
Pashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member statesPashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member states
EDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  regionEDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  region
Armenian government changing procedures for conducting electronic  auctions and alienating propertyArmenian government changing procedures for conducting electronic  auctions and alienating property
More attention to be paid to solar power development  in Armenia -  Prime MinisterMore attention to be paid to solar power development  in Armenia -  Prime Minister
Pashinyan: At this phase, no discussions to leave  EAEUPashinyan: At this phase, no discussions to leave  EAEU
International wine tasting competition Concours Mondial de Brussels  2026 to be held in ArmeniaInternational wine tasting competition Concours Mondial de Brussels  2026 to be held in Armenia
Armenia`s Cabinet extends ban on export of automotive catalytic  converters.Armenia`s Cabinet extends ban on export of automotive catalytic  converters.
EBRD to issue EUR 39mln loan to Armenia for construction of Yerevan  customs and logistic center EBRD to issue EUR 39mln loan to Armenia for construction of Yerevan  customs and logistic center 
WB to issue EUR 70.4mln to Armenia for improving water-supply and  irrigation servicesWB to issue EUR 70.4mln to Armenia for improving water-supply and  irrigation services
Read more
Exchange rates
19.12.2025
RUB4.74-0.03
USD381.47-0.03
EUR446.97-0.30
GBP510.451.03
CAD276.57-0.32
JPY24.25-0.23
CNY54.180.00
CHF479.960.09