Despite the decline in acreage by one-third, and stable domestic purchase prices, Azerbaijan raised this year's cotton harvest by 16% more than in the same period of 2011.
According to the committee, as of November 1 Azerbaijan collected and transferred to ginneries 48.9 thousand tons of raw cotton. This is 7,000 tons more than in the same period of 2011. An expert of the Ministry of Agriculture Rovshan Aliyev told Turan this year cotton yield is high, which is also associated with the use of productive varieties. In addition, private companies use more than 35 cotton harvesters purchased in the U.S. It is expected that by the beginning of December the country will collect about 55,000 tons of cotton.
A ton of cotton in Azerbaijan is purchased at the price of 420 manat. Farmers claim that due to the cost, profitability of the industry is extremely low. However, because of the crop rotation, farmers are forced to grow cotton too.
In 2011, cotton in Azerbaijan was grown on 42.8 thousand hectares and the crop totaled 66.4 thousand tons. The yield from 1 ha averaged 15.5 quintals. This year, the yield increased on average by 1.3 quintals per 1 ha. - 08B -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review