August 17, 2010 - 15:21 AMT
20-30% increase in grape harvest expected in Armenia

The head of Armenian Winemakers’ Union, Avag Harutyunyan, forecasted 20-30% increase in grape harvest in Armenia as compared with 2009.

As he told a news conference, recent drop in wine and brandy sales, as well as dwindling demand for grapes is caused by the crisis.

“25% decrease in grape purchase contracts was reported in 2010. AMD 200 million are yet to be paid to farmers as last year’s debt.”

According to Harutyunyan, price for grapes will depend on Yerevan Brandy Company’s policy. “The major part of the harvest will be purchased for AMD 110-130 per kg,” he said.