Flour Price Plunges In Azerbaijan's Nakhchivan Ar
Date
8/29/2023 6:40:09 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 29. Flour has become
sharply cheaper in the Nakhchivan AutonomRepublic, Trend reports.
This is due to the increased use of local wheat in flour
production in Nakhchivan.
Gemigaya Grain Products Company has received 5,266 tons of wheat
to date. Increased production of flour from local wheat has led to
another decrease in flour prices in the domestic market.
The price of flour produced by the company has decreased by more
than 27 percent. Thus, the price of 50 kilograms of flour decreased
from 37 to 27 manats ($21–15). The price reduction has also had a
positive impact on flour sales.
According to the enterprise's data, about 270 tons of flour have
been sold over the last 20 days.
There was also a decrease in flour prices in July 2023. Taking
into account that 50 kilograms of flour were offered to bread
producers at 33–34 manat ($19–20) in the domestic market, the
wholesale price for 300-gram bread was reduced to 36 qepiq ($0.21)
and the retail price to 40 qepiq ($0.24) on July 17.
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