Importers Reduce Deliveries of Wheat Significantly
In the first 2 months of this year, wheat worth $ 16.2 million was delivered to Azerbaijan This is 6.7 times less than in the same period of 2015.. This is stated in the report of the State Customs Committee.
The volume of these imports is not reported.
In an importer, which also has a flour mill, they said that the reason for the sharp reduction in the supply is the increase in purchase prices in Russia in terms of dollars. "Whereas 20 days earlier, Russian wheat was offered on the customs border for $ 163 per ton, now the prices have reached $ 180. At these prices, the retail price of flour and bread will be unprofitable for manufacturers," said the source.
At the same time, the company noted that stocks of wheat in the country are sufficient to not revise the prices in force. "Everything will depend on the rate of the Russian ruble."
In 2015, Azerbaijan purchased abroad 1 million 353 thousand tons of wheat worth $ 296.8 million. --08B
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Rəy yaz