The State Agency for Material Resources (SAMR) under the Ministry of Emergency Situations announced today the purchase of high quality wheat for the State Grain Fund (SGF). The specific amounts are not reported, although it is known that local farmers cannot meet the requirements of SGF, because they are too high.
The Fund has met its needs through imports at all purchase prices for almost four years. This year farmers are offered to sell wheat at 230 manat per ton. Proposals will be accepted until September 1. Wheat is received by two elevators, as well as selected private mills in Baku and regions of the country.
According to the Ministry of Agriculture on the 2nd of July, there were collected 1,584.5 thousand tons of cereals, 24.1% more than during the comparable period in 2011. The share of wheat accounts for 940 thousand tons. The yield of grain per hectare is 26.4 quintals, 2.2 quintals more than last year, and the yield of wheat is 27.1 quintals (+2.4 quintals). This year, grain crops were sown on 986.6 thousand hectares of land, which is 4.4% more than in 2011. The Ministry of Agriculture forecasts grain production at 2.7 million tons. The need of the country for grain crops is estimated at 3.6 million tons. -08B-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review