Wednesday, May 15 2019 18:36
Alina Hovhannisyan

Expert: Prices for grapes this season will increase by an average of  20%

Expert: Prices for grapes this season will increase by an average of  20%

ArmInfo.The forecast for 2019, in terms of grape harvest and its purchases from villagers, is positive. The head of the Union of winemakers of Armenia Avag  Harutyunyan stated this on May 15 during a press conference.

According to the expert, the price of wine grapes this season will  increase by an average of 20% due to high demand. He explained that  the area of plantations is increasing, the number of producers is  growing, but at the same time there are no new gardens that could  yield a crop. Consequently, the harvest volumes will remain at the  same level, which, under the existing conditions, will entail an  increase in demand.

At the same time, A. Harutyunyan called one of the key tasks to  reduce the level of counterfeit products as a result of a number of  producers leaving the shadow, thanks to the tightening of control in  the wine production segment last year, and banning the use of other  types of spirits for manufacturing.

According to the RA Statistics Committee, in 2018, 8.8 million liters  wines were produced in Armenia, with a sharp slowdown in y-o-y growth  to 0.3% from 30% in 2017. In Q1of 2019, wine production increased by  3.4% per annum - to 2.2 million liters.

According to the RA Customs Service, in 2018, Armenia reduced wine  exports by 10.3% to 2.5 million liters, and the customs value  decreased by 12.6% to $ 9.4 million. 

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