In July in the capital and other major cities of the country, food prices increased by an average of 0.5%. Within a month, the price of sunflower oil increased by 0.2%, eggs – by 35%. At the same time, due to the season prices of agricultural products fell by an average of 10%.
Experts say that over the past two years, compared with previous years, the prices of agricultural products increased slightly, although the performance is not diminished. "This year's performance is quite good. The problem is that every year the process of delivering products to the markets gets more expensive, which affects the marketing of agricultural products," said one of the farmers.
In the coming days, prices will remain stable.
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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