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Tomatoes prices in Georgia decline amid growing imports of Turkish tomatoes

Georgia continues to actively import Turkish tomatoes to cover the supply deficit. The imports of fresh tomatoes in November amounted to 1.360 tonnes. This is 3 times more than the average import volume and the highest figure in November in the last 7 years. Since Turkish tomatoes are cheap, local prices declined.

EastFruit analysts found that red tomatoes from Georgian greenhouses are sold 82% more expensive than red tomatoes imported from Turkey. However, a key factor in such a huge difference is that red tomatoes from Georgian greenhouses are positioned as high-quality and are aimed at wealthier buyers. Moreover, almost all greenhouses in Georgia grow pink tomatoes. They are available at a price 17% higher than Turkish ones.

According to EastFruit monitoring results, the average price of red tomatoes in the wholesale markets of Georgia amounted to $0.70 per kilogram last week. Due to competition from imports, the average price dropped for 3 weeks in a row. However, the price was 56% higher last week than the same period in 2020, but 8% lower compared to the same week in 2019. If this trend continues, 2021 prices will lag behind 2020 prices in a week or two.

Two weeks ago, the average price for pink tomatoes fell to $0.95, but has since increased slightly. They were offered at $1.11 last week, which is 6% higher than the same week of 2020 but 23% lower than 2019. Three weeks ago, these tomatoes were sold at $1.27 average, but prices fell below that mark. Sellers are trying to raise prices, but are acting cautiously.

Notably, fresh tomatoes from Turkey were imported at $0.32 per kilogram in November, which is a fairly low price. Whether imported tomato will remain cheap is unclear. The ongoing global energy crisis could lead to an increase in import prices.

EastFruit

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