Armenian wineries owe 2 billion drams to wine-growers

Armenian wineries owe 2 billion drams to wine-growers

Armenian wineries owe 2 billion drams to local wine-growers for grapes procured last year, the head of a union of farmers, Hrachya Berberyan, said.

According to him, the main problem of wineries is that the vendors overstate the final price of the product trying to sell at $8 a bottle of wine, which costs them only $1. The result is sales-related problems.

Last year wineries and other food-processing companies bought a total of 31.5 billion drams worth grape.

According to the ministry of agriculture, in 2015 Armenian food-processing enterprises bought 216,800 metric tons of grape, which was 32,700 tons or 17.8% more than in 2014, ARKA reports.

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