SABIRABAD, Azerbaijan, June 24. Insurance
mechanisms in cotton farming are planned to be developed in
Azerbaijan, Assistant to the President of Azerbaijan, Head of the
Department for Territorial and Organizational Issues of the
Presidential Administration, Zeynal Naghdaliyev, said at a regional
consultation on cotton growing development issues in Sabirabad,
Trend's
correspondent reports from the event.
He pointed out that the production system formed in the field of
cotton growing in Azerbaijan has entered a stage of independent and
sustainable development today.
Naghdaliyev emphasized that currently, 15 companies specializing
in cotton growing operate in the country. These companies
independently determine the areas of cultivation, conclude direct
contracts with farmers, and organize the production process without
external interference.
The presidential assistant said that it's also planned to
continue product subsidies in cotton growing and develop insurance
mechanisms to reduce risks arising from price fluctuations in
international markets. These steps will serve to ensure the
stability of the incomes of farmers and companies.
Naghdaliyev expressed confidence that the discussions held at
the regional meeting will make a significant contribution to the
implementation of the set goals, achieving higher results in cotton
growing and sustainable development of the sector.
