By the August 1st in Azerbaijan the harvest was collected from 944,000 hectares, which is by 44,000 thousand hectares more than in the comparable period of last year. At the same time, according to the State Statistics Committee, the yield of grain from 1 hectare decreased by an average of 0.8 quintals. At the beginning of August, growers harvested a 98.2% acreage. The average yield is 29.7 hectares from a quintals.
This year were produced 2.8 million tons of grain, which is by 2% more than in the same period of 2015. The growth was due to increased acreage. In Saatli and Sabirabad regions the average grain yield amounted to 41.6 and 38 tons per hectare.
The Ministry of Agriculture told Turan, that the decrease in yield is due to unfavorable weather conditions. The ministry noted that dependence on imported wheat will decline this year. The amount of food grain production this year is 1.843.000 tons. Over the comparable period of 2015, this figure was 1.7 million tons. In 2015, Azerbaijan purchased in Russia and Kazakhstan 1.353.000 tons of wheat. --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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