...

Volume of production in Turkmenistan’s agro-industrial sector increases

Business Materials 27 April 2021 12:16 (UTC +04:00)

BAKU, Azerbaijan, April 27

By Jeila Aliyeva - Trend:

The volume of production in Turkmenistan’s agro-industrial sector increased in 1Q2021, said economic observer for Turkmenistan Valentin Trapeznikov, Trend reports, referring to CentralAsia.news.

The manufacture of vegetable products in the agro-industrial sector of Turkmenistan increased by 24.8 percent, berries and fruits by 3.2 percent, meat-1.8 percent, milk-5.7 percent, and eggs -3.9 percent in 1Q2021.

The state provides targeted support for the development of the agricultural sector in Turkmenistan. In particular, the entire production infrastructure of the agro-industrial sector is being re-equipped and modernized, the chemical industry is developing, and modern tractors, combines, and other equipment are being purchased.

The country has created special agricultural land funds for growing agricultural products from arable land. Thus, land plots for up to 99 years are allocated from these funds for use by joint-stock companies, farmers, other legal entities, and citizens of Turkmenistan.

Also, state purchase prices for wheat and cotton have been increased since 2019.
In addition, farmers, agricultural joint-stock companies and research institutes, farmers, private entrepreneurs, and other agricultural producers can take advantage of preferential bank loans, including for the purchase of special equipment.

At preferential prices, farmers receive mineral fertilizers, high-quality seeds, and chemical plant protection products.

Reportedly, agriculture in Turkmenistan is developing rapidly. It is one of the most important sectors of the country's economy. The main types of agricultural crops grown on the territory of Turkmenistan are wheat, cotton, rice, sugar beet, fodder, vegetable, and fruits.

---
Follow the author on Twitter: @JeilaAliyeva

Tags:
Latest

Latest