Citrus Fruit Industry of Azerbaijan after Manat’s Devaluation

Abasov, Muzaffar (2016): Citrus Fruit Industry of Azerbaijan after Manat’s Devaluation.

Abstract

Azerbaijan implemented two significant devaluations in 2015 decreasing AZN’s rate against USD from 0.78 to 1.55. Considering the favorable situation after AZN’s devaluation, it is now cheaper to increase local production, especially agricultural products. Additionally, as a result of tensions between Russia and Turkey, there is a huge vacant market for agricultural goods in Russia which is a good opportunity for Azerbaijan to export. Citrus fruits are one of them. Considering possible options we recommend government to take policy decisions offered in paper.

• Item Type: MPRA Paper
• Language: English
• Keywords: citruc fruits, azerbaijan, manat's devaluation, azerbaijan economy
• Subjects: F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q0 - General > Q02 - Commodity Markets

References

Information by David Bedoshvili (2006) “Plant breeding programs in Azerbaijan” Available from FAO. http://www.fao.org/in-action/plant-breeding/our-partners/asia/azerbaijan/en/

Actualitix, “Azerbaijan: Production of citrus fruits” http://en.actualitix.com/country/aze/azerbaijan-production-of-citrus-fruits.php

“Azerbaijan in crisis as currency plummets” The Guardian, 22 December 2015. http://www.theguardian.com/world/2015/dec/22/azerbaijan-currency-plummets-oil-price

Jack Farchy, Financial Times. “Azerbaijani manat collapses after government abandons dollar peg.” 21 December 2015. https://www.ft.com/content/b5f46eac-a7c4-11e5-9700-2b669a5aeb83