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Early increase in red tomato prices in Georgia

According to the EastFruit’s survey held on July 22 2022, average wholesale price for the red round tomatoes in Georgia has reached a record high level for that particular week. Prices are 170% higher than a year before. This is a top year-on-year growth for the week within the surveyed products.

Red round tomato wholesale prices in Georgia

According to the EastFruit’s price monitoring tool, Georgian red round tomatoes are sold for 2 Lari/kg ($0.70) on average. Last year same week, they were sold for 0.80 Lari/kg ($0.26). Such spike in price in annual terms is explained by a seasonal pattern, which started slightly earlier in 2022.

Supply of red tomatoes on Georgian market peaks when the open-field tomatoes enter the market. This happens in August. In the second half of July, supply is mostly coming from the local film tunnels. There are some early varieties but their share is very low. As the end of July nears, the supply from high film tunnels reduces, there are few tomatoes left on the market and temporarily the price goes up. This year, supply ran out a week earlier, which resulted in very high year-on-year price growth for week 29. Low production from the film tunnels is attributed to cold weather and maintenance cost increase.

Interestingly, tomato growers are still reporting about low temperatures. It is likely to delay the start of the open-field harvest and the prices may remain on high level for a bit longer this year.

Some growers have positive expectations regarding the upcoming season in terms of the prices. They think cauliflower, which had a successful previous season, and which is an alternative to tomatoes for the Georgian growers, may have attracted a significant amount of tomato grower. Others argue that tomato had good prices last season too, so many would not have switched. Thus, expectations on the new open-field season are mixed.

According to the EastFruit’s survey held on July 22 2022, average wholesale price for the red round tomatoes in Georgia has reached a record high level for that particular week. Prices are 170% higher than a year before. This is a top year-on-year growth for the week within the surveyed products.

Red round tomato wholesale prices in Georgia

According to the EastFruit’s price monitoring tool, Georgian red round tomatoes are sold for 2 Lari/kg ($0.70) on average. Last year same week, they were sold for 0.80 Lari/kg ($0.26). Such spike in price in annual terms is explained by a seasonal pattern, which started slightly earlier in 2022.

Supply of red tomatoes on Georgian market peaks when the open-field tomatoes enter the market. This happens in August. In the second half of July, supply is mostly coming from the local film tunnels. There are some early varieties but their share is very low. As the end of July nears, the supply from high film tunnels reduces, there are few tomatoes left on the market and temporarily the price goes up. This year, supply ran out a week earlier, which resulted in very high year-on-year price growth for week 29. Low production from the film tunnels is attributed to cold weather and maintenance cost increase.

Interestingly, tomato growers are still reporting about low temperatures. It is likely to delay the start of the open-field harvest and the prices may remain on high level for a bit longer this year.

Some growers have positive expectations regarding the upcoming season in terms of the prices. They think cauliflower, which had a successful previous season, and which is an alternative to tomatoes for the Georgian growers, may have attracted a significant amount of tomato grower. Others argue that tomato had good prices last season too, so many would not have switched. Thus, expectations on the new open-field season are mixed.

EastFruit

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