Armenia: Potato prices up due to excess exports
Published Jun 23, 2022
Tridge summary
Record potato exports in the previous year have led to a severe shortage of potatoes in the early spring, resulting in a significant price surge of up to 101.5% in May 2022 compared to the previous year. This shortage has been attributed to the lack of seed potatoes, which has impacted the production of this year's crop. Additionally, the situation is exacerbated by increased costs of essentials like diesel fuel, labor, and fertilizer, further driving up the price of potatoes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Every year, farmers leave some potatoes for the next spring: some as seed potatoes, some for sale in the spring to meet the demand of the population. However, so much was exported last year that there was almost none left for early spring, Harutyunyan added. “The Ministry of Economy reported record potato exports of 35-40 tons, but this export also had a side effect that we all have to experience now: in the absence of potatoes, prices for it have risen sharply,” Harutyunyan stated. Diesel fuel, day labor prices (due to general inflation), and fertilizer prices have risen in price. All this increases the ...
Source: Argenpapa
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