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Azerbaijan

Welcome to the price transmission page for Azerbaijan. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Azerbaijan

Historic Warnings per Commodity

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Background information

Throughout the past years, the Azerbaijani economy has accounted for high growth rates based on large oil and gas exports on the one hand and growth in construction, banking and real estate on the other hand. It is however one promoted goal to reduce the overdependence on oil and to decrease spatial disadvantages. The Azerbaijani government is fostering agricultural development introducing tax exemptions, input subsidies and offering soft loans through the “Agricultural Credit Agency” and the “National Entrepreneurship Support Fund for Food Producers and Processors”.

Agriculture is a major contributor to economic growth, poverty reduction and employment creation. It contributes to roughly more than one third of the total employment and displays an outstanding diversity due to its geographic and climate conditions. Azerbaijan cereals production is based on wheat, barley and maize, the first accounting for the largest volume production and the last contributing for a minor share of the overall production.

Following the economic success of the last years, poverty in absolute numbers reduced significantly. Nevertheless, poverty and insufficient food access remain predominant in rural or mountainous areas and are only more threatened by rising food prices.