ArmInfo.Experts forecasted an increase in the price of butter, Gegham Gevorgyan, head of the State Commission for the Protection of Economic Competition of Armenia, said in parliament during the preliminary discussion of the annual report "On the execution of the state budget of the Republic of Armenia for 2020" on June 2.
According to the head of the State Commission, prices for butter have risen again on the world market. As of today, the cost of New Zealand butter has increased from $ 4,000 to $ 6,000. That is, a rise in price should be expected after two months, he said.
At the same time, as Gevorgyan said, experts forecasted a decrease in prices already in November this year.
To note,, according to official statistics, vegetable and animal oils rose in price on an annualized basis by 24.6%, with a rise in price in March by 4.3%. Moreover, sunflower oil jumped in price on an annualized basis by 62.2% with a rise in price in March by 8.7%.
