Azerbaijan, Ganja, 19 April / Trend corr U. Ismayilova, V. Mammadov/ The regions in Azerbaijan experienced bread price hike after Kazakhstan put export of grain under a ban in April till September harvest in order to protect the domestic market from rising world grain prices, Trend 's regional correspondent reported on 19 April.
On 19 April, bread prices in Azerbaijan's Ganja city rose by 33%.
On 18 April, a loaf of bread weighting 400gm cost AZN 0.30, but today the price rose to AZN 0.40.
Fatioqlu, Turkish-Azerbaijani JV engaged in flour manufacturing in Azerbaijan and supplying flour to almost all western regions in the country, said that the price rose due to grain shortage. The company purchases grain mainly from Kazakhstan.
Fatioqlu reported that at the beginning of the year, 50kg-sack of grain cost AZN 18, but today it costs AZN 25.
The Azerbaijani Agricultural Ministry did not comment on the situation.
A source at the Government said that suspension of Kazakh grain import could not affect bread prices so fast. "As the contracts with Kazakh suppliers still retain effect, local companies must not experience grain shortage. It seems that the company deliberately hikes prices in order to secure itself from possible rise in prices for grain," the source said.
Azerbaijan's annual grain demand is 3mln tons, with 1mln tons of it being imported.