Armenia seeks alternative to Russian wheat

Armenian Minister of Economy Gevorg Papoyan said that Armenia is looking for new wheat suppliers. At a joint session of the National Assembly’s standing committees on Nov. 5 while discussing the draft state budget for 2025, the minister said he is negotiating with several countries to diversify wheat imports.

“We are considering alternative sources of imports. This is a normal, logical process, not directed against any country. If we were importing 99% of wheat from Romania, for example, I would negotiate with Russia on imports,” Business media quoted Papoyan as saying.

According to the minister, growing wheat in Armenia is economically unprofitable. From one hectare, farmers receive products worth about $1,031, with expenses of $1,082.

“To make production profitable, it is necessary to subsidize about $206 per hectare,” the minister said.

Papoyan also noted that world wheat prices have dropped significantly, making domestic production even less economically attractive.

Armenia produced 130,000 tons of wheat in 2023, while importing 450,000 tons, mostly from Russia.

Despite the economic impracticality, the minister stated the importance of encouraging wheat cultivation even with negative profitability on uncultivated land to ensure the country’s food security.

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Tags: Russia, wheat, Armenia