Collecting grain in Azerbaijan is nearing completion. This year the weather conditions were not favorable for farmers, especially in the foothill areas where the drought has not received adequate soil moisture levels.
According to the State Statistics Committee, as of July 7, 88.8% of the acreage of cereals and legumes was harvested. There was collected 1,926,700 tons of grain, including 1,239,200 tons of wheat. Yield of 23.7 quintals per 1 ha. Recall that last year the average yield was 27.6 quintals.
The Director of the Institute of Agriculture Javanshir Telai told Turan that the main reason for the reduction in crop is drought, which accounted for 40% of the area under cereals. In addition, many farmers do not comply with the requirements in shifts sowing and fallow. In addition, the reduction of productivity is facilitated by the use of low reproduction seeds.
This year, the area under cereals constitutes 961,000 hectares. - 08B-
Economics
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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.
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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.
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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.
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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.
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