BAKU, Azerbaijan, March 14. The
decline in costs for meals wheat in world markets, and, in
specific, in the primary import markets for Azerbaijan, has led to a
lower in bread costs, Trend stories by way of the State Service for Antimonopoly
Control and Supervision of the Consumer Market underneath Azerbaijan’s
Ministry of Economy.
The state service, as a part of measures to manage the
shopper market, often screens the marketplace for meals merchandise,
together with flour and bread.
According to the monitoring outcomes, since March 11,
within the massive retail chains, a lower within the worth of 650-gram
spherical (manufacturing facility) bread from 70 ($0.41) to 65 gapiks ($0.38) has been
noticed. Meanwhile, on the flour market, the wholesale worth of a
bag of flour weighing 50 kilograms as of March 9, 2023, was
35.5-37.2 manat ($20.8-21.8). In August 2022, nevertheless, this determine
stood at 40.7-41.5 manat ($23.9-24.4).
So, the current fall in meals wheat costs on
worldwide markets, significantly in Russia and Kazakhstan, which
are Azerbaijan’s main import markets, has additionally had an impact on
the nation’s flour costs, that are established primarily based on provide
and demand in accordance with market rules. The worth of bread
was instantly impacted by the decline in wholesale flour prices on
the home market.
Meanwhile, in February of this 12 months, the typical
month-to-month price of meals wheat imports amounted to $307.4, which is 13
% decrease than in August 2022 ($354.4).
In addition, as a part of measures to manage the
shopper market, the state service holds common conferences with
market members, at which the proportionality of costs for
wheat, flour, and bread, and the correspondence of the particular
weight with that indicated on the label are mentioned. The official
web site of the state service posts and steadily updates
info on wholesale costs for flour in an effort to inform the
public.
