The government extended a time of importation to the territory of the country of cream oils for another two years (Commodity Group 0405) on a 5% customs duty. This is the second extension of this regime since the adoption of new customs import and export duties in November 2017.
According to Turan, in December 2019, “in order to prevent prices” in the domestic market for creamy oils “, the term of imports on low customs dutails was extended. Due to the expiration of this period on December 31st of this For the same argument, it was decided to extend the term of preferential importation (5% instead of 15%) of butter until the end of 2023.
According to the State Statistics Committee, in December 2019, the price of the retail sale of cream oil of imported origin was an average of 16.90 manat, in November of this year, this figure rose by 0.63 manat (+3.7%).
For the 10 months of this year, 12,488 tons of cream oil, etc., Milk origin, total declared cost of 64 million, 573 thousand US dollars are imported. In January-November 2021, the production of butter in the country, taking into account households (23.5 thousand tons), increased by 5.1%.