Armenian Bread Price Set For Further Rise
The price of bread in Armenia looked set on Friday to soar further following the Russian government’s decision to ban all grain exports because of a severe drought that has devastated crops across Russia.
The move, announced by Prime Minister Vladimir Putin on Thursday, pushed international prices of wheat to the highest level since the 2007-08 global food crisis. They jumped by more than 12 percent in European commodity markets.
The wholesale and retail prices rose just as drastically in Armenia where one 50-kilogram sack of flour cost between 9,500 and 10,000 ($27.4) on Friday. The rise did not immediately push up bread prices. They are nonetheless expected to be adjusted accordingly in the coming days.








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