As of 1 June the area under cotton in Azerbaijan amounted to 18.3 thousand ha, which is 21.1% less than in 2014. As a result of the absence of competition, farmers are forced to sell the crop at a low price, which is why many of them refuse to grow cotton in the coming years.
Since 2011, the area under cotton in Azerbaijan has reduced. In 2011 cotton was harvested from 42.8 thousand ha, but in 2013, farmers planted cotton only on 23.4 thousand ha.
In 2014 Azerbaijan picked 41 thousand tons of raw cotton, which was 5.2 thousand tons (9.3%) less than in 2013. The yield was 17.9 quintals per 1 ha, which was 1.4 quintals less than in 2013.
Ten years ago, cotton was cultivated in Azerbaijan on 112.4 thousand ha and 196.6 thousand tons of the crops were picked.
A ton of cotton is bought at the price of AZN 410-420. Taking into account the costs, the profitability of cotton production is not more than 10-15%, the farmers say. The company MKT Istehsalat Kommersiya controls 17 of the 25 ginneries in Azerbaijan. ---08B
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review