In 2015, Azerbaijan imported 3,096 tons of buckwheat. This is by 8.3% more than in the previous year. Russia accounts for 95% of the imports.
According to the State Customs Committee, in 2015 a kilogram of buckwheat was recorded at the Azerbaijani customs at an average price of $ 38.15, by $ 3.56 exceeding the figure for 2014.
Thus, taking into account the average exchange rate of the manat in regard to the US dollar in 2015, the average retail price of buckwheat exceeded the import price about three times.
Last year, a kilo of buckwheat in retail sales went up from 1.49 to 1.85 manats. In January this year the commodity was offered at the average price of 2.01 manats, which was 1.35% higher than a year earlier.
Importers of buckwheat in Azerbaijan are Veyseloglu, Siren, Sun Food Service, Qafqaz Ticaret and Bolluq ltd.
At present, Russian manufacturers offer a kilo of buckwheat at a price of 38-49 rubles ($ 1 = 72 rubles).
The following information is carried out on the import of buckwheat to Azerbaijan in 2011-2014.
|
2011 |
$1,045,952 |
2,077,447 |
|
2012 |
$1,426,773 |
3,842,833 |
|
2013 |
$1,555,362 |
3,131,326 |
|
2014 |
$988,930 |
2,858,073 |
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review