According to the State Statistics Committee, as of October 1, crop production in Azerbaijan increased for all types of crops, except sugar beet, watermelon and cantaloupe.
They have almost finished collecting grains, legumes and potatoes. They collected grains (excluding corn) - 2,762.5 thousand tons, and potatoes - 948,000 tons. The share of wheat in total grain production was slightly above 70%.
Due to the fact that in the past year, farmers suffered some financial losses, this year there was a slight decline of the area under vine crops. Watermelon and melon production was 424.5 thousand tons, which is 10.5% less than in 2011.
The area under sugar beet roughly halved. The volume of sugar beet production in early October was 46.6 thousand tons, which is 35% less than in the same period of 2011.
The head of the Department of Agriculture Crop Sabir Veliyev told Turan the company Azersun Holding - a monopoly in the production of sugar in Azerbaijan did not pay enough attention to the development of the industry and buys raw materials from local farmers at very low prices. Therefore, farmers are not interested in this industry.
According to the SSC, on October 1, Azerbaijani farmers produced 1,136.7 thousand tons of vegetables. This is 0.7% more than in the same period last year. Fruit production was 516 thousand tons (+10.3%) and grapes - about 100 thousand tons (+22.2%). - 0 -
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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