On June 6 the Cabinet of Ministers again considered the question of subsidies to agricultural producers for the cultivation acreage. According to the decision, in addition to grain and rice producers additional subsidy of 40 manats per cultivated hectare is granted to producers of tobacco and cotton.
In addition, agricultural producers, along with mineral fertilizers and herbicides, at discounted prices, i.e. with payment of 30% of the cost, will be marketed biological humus produced on an industrial basis.
The upper limit of the total amount of benefits applied on the value of sales of fertilizers and biological humus per hectare of area under crops and perennial plantations is established in the amount of 100 manats. Previously, this amount was 80 manats. The upper limit of the total amount of benefits applied on the value of pesticide sales is 10 manats.
Sale of herbicides at 70 per cent discount is suspended.
Note that since 2007 agricultural producers have been paid a subsidy in the amount of 50 manats per hectare of crops. --08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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