Food Prices Rise 5% in Azerbaijan

Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.

Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.

The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.

Azerbaijan is hosting the inaugural Azerbaijan Halal Business and Tourism Forum (AZHAB Forum) in Baku, a pivotal event aimed at advancing the country's halal business and tourism sectors. Organized by the Ministry of Economy, the State Tourism Agency, and the Small and Medium Business Development Agency (SMBDA), the forum has garnered support from international and local organizations, including the Organization of Islamic Cooperation (OIC) and the Islamic Chamber of Commerce and Development (ICO).