Vegetable oils have fallen in price in Azerbaijan

In Azerbaijan, the production of liquid vegetable oils has decreased, prices for these products have decreased, with the exception of olive oil. According to the State Statistics Committee, in January-February 2023, 5.163 tons of liquid vegetable oils were produced in the country. Compared to the same period last year, the production of liquid vegetable oils decreased by 44.6%. As of March 1, 2023, the stock of finished products in the republic amounted to 5.488 tons. Economist Natig Jafarli told Sputnik Azerbaijan that large volumes of vegetable oils, mainly corn and sunflower, are imported into the republic. Here, imported products are packaged by local companies and supplied to the domestic market. "Bulk vegetable oils were imported to Azerbaijan mainly from Russia and Ukraine, but due to known circumstances, it became difficult to buy in these countries. Ukraine has experienced serious problems with exports in the last year. Russia has introduced certain restrictions on the ...