Sugar prices won’t go up?
There is no cause for alarm in the sugar market," assures press secretary of the State Commission on Protection of Economic Competition Armine Udumyan.
The State Commission on Protection of Economic Competition is keeping the state of competition in the market under control.
Taking into account the recent concerns over sugar prices and the possible deficit of that product, the Commission has restricted control and supports businessman to take certain measures to keep the market under control and maintain the rules of competition.
"According to the operative invesigation by the commission, India, which is the largest supplier of raw material for sugar production in the world, has registered low crops this year due to unfavorable weather conditions and this has led to the increase in sugar prices. On the other hand, the evaluation of the dram has added to this factor and as a result, the price for sugar at small trade spots has gone up by 10-20 drams," says Armine Udumyan.
The commission doesn't think that there are violations of the legislation on competition in the created situation. In any case, the developments in the market are under control and certain steps will be taken in case of need.
