As of November 21 in Azerbaijan 72.4 thousand tons of cotton was picked, 39.3 thousand tons more than in the comparable period of 2015.
Last week the cotton growers sold 8.3 thousand tons of cotton to ginneries, according to the State Statistics Committee.
This year, cotton was planted on more than 52 thousand hectares of land in more than 20 areas. In all the cotton-growing districts there are 1 or 2 ginneries. Cotton cleaning is also carried out in Sheki Silk Plant and Ganja Cotton Yarn Plant.
The government forecast this year up to 100,000 tons of raw cotton will be picked. Cotton harvest will be completed in early December.
Cotton is bought by the ginneries at the price of AZN 400-500 per ton, depending on grade. In addition, the state provides cotton producers with a subsidy of 0.10 AZN per 1 kg.
In 2017, the field for cotton will be 100-120 thousand hectares. -----08D
Economics
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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