16:06 - 7.10.2024
October 7, Fineko/abc.az. When there is an abundance of olives in Azerbaijan and entrepreneurs will not be able to export them, since the product is not for sale, then they will think about lowering prices. But if the goods are exported, sold, which entrepreneur will lower the price?
ABC.AZ reports that economist Khalid Kerimli made this statement, when explaining the reasons why a liter of olive oil is sold for 20 manats.
The expert recalled that earlier there were olive groves in Azerbaijan:
"But later these groves were cut down. Over the past 10 years, some farmers have been engaged in this direction. The gardens are laid out, but the trees do not fruit immediately after planting. It must take a certain amount of time for the olive trees to yield. Secondly, the most important thing is the abundant harvest of olive trees. Our gardens are not yet in a fertile period."
Kerimli believes the price should fall if the harvest is large:
"The price will be different if you collect 1 kg of olives from one tree and 20 kg from another. When harvesting 20 kg of olives, the cost of caring for the trees, as well as for the garden itself, is reduced."
He added that olive oil is imported in Azerbaijan from Spain, Türkiye, and Greece:
"If these oils are not imported in Azerbaijan, prices will be even higher. Imported olive oils have shaped the price in the market, and local olive sellers also sell the product in this range. At that, they want to sell more expensive because the harvest is not plentiful."
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