Wheat, potato and corn crops declined

Calculations based on information provided by the State Customs Committee (SCC) showed that in January-May 2024, food products imported to Azerbaijan increased by 3.4% in value terms compared to the same period last year.

Eid al-Adha has been celebrated for centuries.  The demand for live cattle is growing  before the Eid al-Adha holiday.

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.

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.