HomeNewsPrices for potatoes in Georgia are at a record high
ExclusiveNewsTrending

Prices for potatoes in Georgia are at a record high

EastFruit analysts note that Russia’s purchase of an unprecedented volume of potatoes from Georgia in the 2021/2022 season, from May 2021 to April 2022, led to high prices at the beginning of the season in the Georgian market.

Given the adverse weather conditions that led to poor potato production in the Russian Federation in the previous season, Russia switched to a very active import. The country does not usually buy Georgian potatoes, but it had to buy record volumes in 2021-2022.

Data source: GeoStat – production, Ministry of Finance of Georgia

Note. The total supply in the local market in a season is measured as “Production + Import – Export”.

In the 2021/2022 season, Georgia exported 57 000 tonnes of potatoes, a record high volume driven solely by Russian demand. Such a high level of exports has led to the lowest supply in the local market for at least the last 8 seasons. The low supply, of course, led to high prices.

EastFruit

The use of the site materials is free if there is a direct and open for search engines hyperlink to a specific publication of the East-Fruit.com website.

Related posts

Onion prices spike once again in Georgia – will they stop rising?

EastFruit

Pakistan remained the main buyer of Uzbek onions in November

EastFruit

The first winter rise in onion prices in Moldova is not a tradition, but a spirit of the times

EastFruit

Leave a Comment