In the first quarter of this year Azerbaijan was delivered 495,611.5 tons of wheat, which is approximately two times higher than the figure for the same period last year.
In the first months of this year, the country experienced a shortage of wheat stocks, in connection with which the Ministry of Emergency Situations controlling the State Grain Fund increased its purchases abroad. According to the State Customs Committee, a ton of wheat was imported at $ 236.5.
Kazakhstan was purchased about 42 thousand tons of wheat and Russia was bought 453.6 thousand tons.
Last year, the average price of imported wheat (1 million 195.6 thousand tons) was $ 245.8. The volume of domestic production of wheat amounted to 1 450 thousand tons, which is 23.5% less than in 2013.
The Ministry of Agriculture told Turan that in the coming days mass harvesting of wheat will start. This year, wheat was sown on 540 thousand hectares. ----08B
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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