Epress.am News from Armenia
Monitoring conducted by the State Commission for the Protection of Economic Competition of the Republic of Armenia has found some increase in prices of dairy products in the former Soviet republic. Though there are a few major companies dominating this market in Armenia, the monitoring noted Ashtarak Kat in particular.
The Commission has thus instructed Ashtarak Kat to provide details regarding its sales volume, as well as the grounds for increasing prices to the state body within 3 days.
At the same time, the Commission has asked major retailers to also provide details regarding purchasing prices of dairy products, in order to determine at which point prices were raised.
Earlier, head of Ashtarak Kat’s marketing department Narine Kotikyan informed Epress.am that the increase in prices of some goods was due to the increase in the cost of milk supplied to them.
“We, bearing losses, have tried to raise the prices as little as possible, and to do it such that the price increase has as little impact as possible on the goods,” she had said.
Note, the prices of Ashtarak Kat’s sour cream and yogurt have gone up by 20 drams each (about $0.05 USD), while the price of curd has increased by 30 drams (about $0.08 USD).