Armenia: chocolate exports up in H1 2019

Prime Minister Nikol Pashinyan revealed in a Facebook post that export of chocolate from Armenia grew by 30.3% in the first six months of 2019. It was reported earlier that alcohol production saw double-digit growth in January-June. The production of brandy expanded by 44%, while that of vodka, wine and beer grew by 37%, 43%…

Latvia: prices of alcoholic beverages not dropping yet

Although the Latvian excise duty on strong alcoholic beverages has been cut by 15%, retailers haven’t yet lowered prices, as they are still selling the products purchased at the previous tax rate, Henriks Danusevics, president of the Latvian Traders Association, announced. Danusevics explained that retailers could start buying alcoholic beverages at the reduced tax rate…

Ukraine: milk output profitability up in July 2019

Economist from the Investment Center of the Food and Agriculture Organization (FAO) of the United Nations Andriy Yarmak said the profitability of milk production in Ukraine in July grew by 33.6% YoY. “The Ukrainian Milk Index (UMI, conditional profitability of milk production) at commercial enterprises was already 33.6% up in July against the figure reported…

Ukraine: flour exports down in 2018-2019

Ukraine exported 301 thousand tons of wheat flour in MY 2018-2019, down by 30% YoY (429.8 thousand tons). This is the lowest volume of exports in five years. Flour production also dropped in MY 2018-2019, to 1.7 million tons (by 13% from 1.9 million tons in MY 2017-2018). The key export destinations include Asia, Africa,…

Turkmenistan: banana harvest up in 2019

Preparations for a new banana harvesting season are underway in the Sakarchage district of the Mary region of Turkmenistan. The local company “Ferhar” plans to receive dozens of tons of exotic fruit this year. Thus, the experiment on growing bananas of dwarf varieties most suitable for the arid climate of Turkmenistan continues. The experience of…