12:21 - 18.07.2023
July 18, Fineko/abc.az. Russia's statement that "the Black Sea agreements have actually lost their force" has led to a rise in price on the world grain market more than by 3%. Investors fear there will be shortage of grain again.
However, there are no serious economic grounds for grain shortages yet. There is an excess harvest in the world's grain warehouses. On the other hand, it is not assumed that Russia will stay away from this agreement for a long time.
ABC.AZ reports that this statement was made by economist-expert Vugar Bayramov.
As for Azerbaijan, there are currently no economic grounds for raising bread prices.
"First of all, a significant part of the grain reserves available to entrepreneurs was formed at a time when wheat prices were acceptable. Secondly, the real impact of changes in the global market on the local market is not observed in the short term. Thirdly, the harvesting season is coming to an end in Azerbaijan, and local stocks have also increased. So at the moment there are no real grounds for raising bread prices," the expert noted.
