Wishing to counter press claims in Armenia that the price of bananas will rise in the run-up to New Year’s festivities, Ketrin Group (a large banana importer), says that the price of the yellow fruit has fallen due to a drop in market prices in Ecuador, the prime global banana export.

Ketrin Group Executive Director Ricardo Merino says that the price of bananas in Armenia has dropped to 650-700 AMD per kilo from 850-900 AMD.

Prices of many foods adorning holiday tables in Armenia rise sharply before New Years and Christmas.