News

The Cabinet of Ministers of Armenia extended the ban on the export of a number of agricultural products

Buckwheat
Armenia
Sunflower Seed
Published Jun 30, 2023

Tridge summary

Armenia has extended the ban on exporting several agricultural products, including wheat, barley, corn, and sunflower oil, for six months. This decision aims to ensure food security and stabilize the country's economy, as local production cannot meet the domestic market's demands. While Armenia is self-sufficient in certain goods like vegetables and fruits, it relies heavily on imports for grains, sugar, and vegetable oil.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Armenia has extended the ban on the export of wheat, meslin, barley, corn, sunflower seeds, buckwheat, sunflower oil. The corresponding decision was made on June 29 at a meeting of the Armenian government. The ban has been extended for six months and applies to countries outside the EAEU. The decision is related to the issues of ensuring food security and economic stabilization of the Republic of Armenia. It is noted that local production does not meet the internal needs of the market for these goods, the shortage is made up mainly by imports. Recall, Armenia introduced the first ban in May 2022. The country plans to increase the level of food security and increase self-sufficiency in key products of the food basket. From the point of view of food security, our country has high self-sufficiency in a number of goods. Own production fully meets the needs of the population of the republic in vegetables (105.6%) and melons, fruits and berries (114.4%), potatoes (111.7%), fish ...
Source: Zol
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.