Entrepreneurs' production costs will increase and incomes will decrease

The State Statistics Committee's recently published report indicates that the total value of agricultural production in Azerbaijan for the January-October period of 2024 amounted to 11,407.1 million manat at actual prices. Of this, livestock accounted for 5,540.2 million manat, while crop products accounted for 5,866.9 million manat. The report shows that compared to the same period last year, agricultural production increased by 1.0 percent, including a 1.5 percent increase in livestock products and a 0.5 percent increase in crop products.

According to a recent report by the State Statistics Committee, consumer price indices in Azerbaijan for October 2024 reached 103.4% compared to October 2023. This includes increases in food products, beverages, and tobacco at 102.6%, non-food items at 102.1%, and paid services at 105.8%.

According to the State Statistics Committee, from January to September 2024, agricultural production in Azerbaijan totaled 10.4185 billion manats, marking a 0.8% increase compared to the same period last year.

The “State Program for the Development of Citrus Cultivation in the Republic of Azerbaijan for 2018–2025” was adopted in February 2018. The program’s implementation period concludes this year, 2024. The document states that “the program aims to increase citrus fruit production volume to 100,000 tons by 2025.”