For the first time in the history of independent Azerbaijan grain growers have reached a record in terms of yield - the average of 30.3 quintals per 1 hectare.
According to the Ministry of Agriculture, as of July 6 they collected 1 million 350 thousand tons of wheat. The yield was 31.7 q / ha. This is 33.8% more than in 2014.
Just this year, the area under cereals and legumes in Azerbaijan make up 915.2 thousand ha (excluding maize). On July 6, there were harvested 780.9 thousand ha.
For the first 6 months of this year, imports of wheat in Azerbaijan increased compared to the year 2014 by 34.4% and amounted to $ 187.5 million, according to the State Customs Committee.
According to the balance of consumption, in 2013, Azerbaijan used 2 million 864 thousand tons of wheat for food, starch and forage production, 1 million 451 thousand tons of which is accounted for by imports. -----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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