YEREVAN, AUGUST 26, NOYAN TAPAN. The RA State Commission on Protection of Economic Competition stated that the situation with respect to competition of essential goods in Armenian market is under control. In particular, taking into account consumers' worries in the past two days concerning granulated sugar prices and a possible shortage of sugar, the Commission has tightened control and is assisting the economic entities engaged in the market with some measures in order to ensure the observance of competition rules. According to the Commission's report, there were poor harvests this year in India - a major supplier of raw material for sugar production in the world - because of unfavorable weather, as a result of which sugar prices have risen in the international market. Besides, the appreciation of foreign currency was an additional factor in Armenia. As a consequence, the price of granulated sugar has risen by 10-20 drams in shops. The Commission does not believe that there have been violations of the competition legislation in the market. Anyway, the developments in the market are under control, and respective steps will be taken in case of necessity.

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