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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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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