Armenian meat prices increase not related to large exports
According to local media, the exports of a large number of cattle will produce a hike in prices for meat, butter, and cheese by 15% in the following period. But the Armenian minister of Agriculture says that the prices are determined by the demand in the market.
"In any case, it is the market that determines the price of a particular product," Mr. Arakelyan said, according to Arka News.
Furthermore, he added that the export of 12,000 cattle could not affect the prices, neither the decrease in the number of Armenian cattle. The minister explained that prices could have been influenced by a rise in demand which determined the farmers to increase prices.
In addition, another reason given by the Government official for the increase of 15% in meat prices was the rise of cattle feed by 30%.
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