Armenia records the steepest fall in farm prices in the Eurasian Economic Union
Agricultural producer prices in Armenia were 22.3% lower in August 2026 than in December 2025, the steepest decline among the countries of the Eurasian Economic Union (EAEU).
According to the Eurasian Economic Commission, crop prices have fallen 28.9% since December and livestock prices 2.2%. Across the EAEU, agricultural producer prices declined 2.3%.
Compared with July, prices in Armenia fell 5.2% (crops 6.1%, livestock 3.1%), and compared with August 2025, 1.5%. In January-August 2026, prices were 3.6% higher than in the same period of 2025.
Since December, prices have also fallen in Belarus (3.6%) and Russia (2.7%), while they rose 4.1% in Kyrgyzstan and 2.3% in Kazakhstan.
The average producer price of wheat in Armenia in August was AMD 110,191 ($301) per tonne, the highest in the EAEU. Armenia also had the highest prices for barley ($321), carrots ($488) and eggs (AMD 74,819, or $205, per thousand, against $70 in Russia and Belarus). Tomatoes, by contrast, were cheapest in Armenia at AMD 105,363 ($288) per tonne, compared with $1,500 in Russia. A tonne of raw cow’s milk cost AMD 171,223 ($468), the second-highest after Kazakhstan ($518).
The average price per tonne of meat in slaughter weight was $9,384 for beef, $9,526 for lamb, $7,548 for pork and $8,862 for poultry.
The data are preliminary and may be revised.
The decline coincided with Russian restrictions on imports of Armenian farm products. From May 30, Russia’s agricultural watchdog Rosselkhoznadzor restricted imports of fresh tomatoes, cucumbers, peppers, greens and strawberries from Armenia, and from June 12, of all products subject to quarantine control. According to Statistical Committee data compiled in BusinessDaily’s Armenia in Numbers, Armenia’s exports to Russia fell 9.1% in January-August 2026 to $1.65 billion, while total exports of vegetable products dropped 35.2% to $134.9 million. With exports down, more produce stayed on the domestic market. In August, producer prices for crop products fell 6.1% from July, and consumer prices for food and non-alcoholic beverages fell 1.0%.
