The Ministry of Agriculture has published statistical information on areas under spring crops, which this year fell by 2% (7 hectares). Decline in the area was due to both adverse weather conditions in the spring and to the low profitability of separate technical plants (tobacco, cotton).
In addition, experts note a tendency to bring the accounting for acreage due to increased control issued by the State subsidies to farmers. In April this year the Republican Commission on agricultural subsidies decided to analyze the use of these subsidies to the destination. The first monitoring conducted in the Imishli area revealed negative phenomena, and the collected materials were sent to the Prosecutor General, the Ministry of Agriculture announced on June 9.
According to the Ministry of Agriculture, grain and leguminous crops (excluding maize) this year set aside 26,600 hectares, which is 13% less than on June 1, 2013. This year, the corn will be collected from 36 200 ha. The area under maize this year decreased 2.5%.
Despite the high prices, the area under potato this year amounted to 61,523 hectares. It is 3119 hectares, or 4.8% less than last year.
Significantly reduced the area under vegetables (-1.6%), melons (-3.7%). According to the Ministry of Agriculture, this year's vegetables are planted on 73,300 hectares, melons - 26,700 hectares.
Since 2007, the tobacco growing sector has entered a period of regression: 2007-2013 area under this crop was 1 100 - 1 500 ha. This year, tobacco is planted on 1,107 hectares, which is 99 ha (8.2%) less than in 2013. The tobacco growers in Azerbaijan (in the Sheki-Lankaran economic region) today are mainly in LLC Inter Tobacco. - 08B-
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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