Food prices in the world have increased, and in Azerbaijan...

For several months now, prices for basic foodstuffs have been rising in the world. According to information published by the Food and Agriculture Organization of the United Nations (FAO) these days, the FAO Food Price Index in May 2024 increased by 0.9% compared to the April figure of the previous year. In May 2024, the FAO price indices for cereals, dairy and meat products increased, while the price indices for sugar and vegetable oils decreased.

According to the State Statistics Committee (SSC), the value of gross agricultural output in actual prices for January - April 2024 amounted to 2115.9 million manats, of which 1950.1 million manats accounted for livestock products, 165.8 million manats for crop production.

Our calculations, based on information provided by the State Customs Committee (SCC), showed that the cost of food products imported by Azerbaijan in January-April 2024 was 3.2% higher than in the same period last year.

A report released recently by the State Statistics Committee (SSC) says that in January-March of this year, agricultural products worth 1,444.6 million manats were produced in Azerbaijan, including livestock products worth 1,368.5 million manats, crop production by 76.1 million manats, by 1.1% more than in the same period last year of the year. According to the committee, in the first quarter of 2024, gross agricultural output increased by 1.1% compared to the corresponding period of the previous year, including livestock production by 1.0% and crop production by 2.9%.