Azerbaijan Reduces Cotton Export by 51%
OREANDA-NEWS. July 21, 2011. Azerbaijan’s cotton export decreased this June by 51.4% compared to May.
The Azerbaijan State Customs Committee (SCC) informs that the country exported cotton for USD 1.17 million this June versus USD 2.416 million in May, USD 2.2 million in April and USD 3.7 million in March (this year’s best index a month) and USD 14.758 million for Jan-Jun 2011 that is by 78.3% more than country’s export for the 2010 same term.
At that, the purified cotton fiber for Jan-Jun totaled USD 4.34 million that was by 93.42% more against its exports for the 2010 same term (USD 2.245 million). This June it was exported cotton fiber for USD 3,000 against USD 571,550 in May, USD 206,370 in April and USD 1.717 million in March of the year.
Last year country’s cotton export made up 30.24% of 2009 export index and earnings from its export dropped by 78.5%.
In 2010, Azerbaijan exported 3,738.2 tons of cotton that made up 0.02% (USD 5.249 million) of country’s overall export (USD 21.32 bn).
In 2010 average export price totaled USD 703.33 per ton.
In 2009, the country exported 17,371.6 tons of cotton for USD 17.358 million that made up 119.27% of production export indices over 2008. In 2009 cotton export from the country made up 0.12% of total export of Azerbaijan.
In 2009, Azerbaijan exported cotton on average at price USD 999.25 a ton.
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