The volume of agricultural production in Azerbaijan as of 1 August totaled 2.99 billion AZN (4.2% compared with the same period last year).
According to the State Statistics Committee, in the seven months, the country produced 252,400 tons of meat (1.7%), 1,103,600 tons of milk (+ 3,5%), and 889.1 million eggs (+11.3%).
At the same time there was recorded decline in crop production (minus 10.8%). The harvest of crops continues. By August 1, from 948,500 hectares there were harvested cereals (excluding maize) of 2,162,600 tons (down 20.05%), with an average grain yield of 22.8 quintals / ha.
In January-July there was collected 466,100 tons of potatoes (minus 14.5%), 717,800 tons of vegetables (minus 1.4%) and 325 100 tons of melons (+ 9.4%). -17D-
Economics
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In July 2024, the State Oil Fund of the Republic of Azerbaijan (SOFAR) reported a sharp increase in currency sales, reaching $826.3 million. This figure is three times higher than the $272.7 million recorded in July 2023 and twice the amount for June 2024.
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The State Statistics Committee has reported a decline in Azerbaijan's grain production for the first half of 2024, with output totaling 1.96 million tons of grain and legumes, including corn. This represents a 5.6% decrease compared to the same period last year.
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Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.
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Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.
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