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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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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