At yesterday's conference on the results of the first year of the "State Program on socio-economic development of regions of Azerbaijan in 2014-2018" the Minister of Agriculture Heydar Asadov announced increase in fruit and vegetable exports to $ 291 million (+ 16.1% compared to the year 2013) and increase in imports to $ 25.2 million (minus 13.5%).
"Reduction of fruit import by 32.7% in physical terms and vegetables and melons import by 47.3% indicates increase in the role of domestic production to meet the needs of the domestic market," he said, noting the growth of livestock by 21%, meat production - by 46.4% and milk production - by 53%.
As part of efforts to provide direct assistance to the development of crops farmers in the country were provided financial assistance of 20.1 million manat for sowing wheat and rice, while AZN 51.8 million was spent on the purchase of fuel and motor oil for the treatment of cultivated areas and perennial plants, the minister said. --17D-
Economics
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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