Apple exports from Georgia continue to lag, but wholesale prices are not falling yet

EastFruit analysts note that Georgian apple exports lag behind last year's results. This year, the country harvested a record high harvest - about 130,000 tons of apples, which is about 80% more than in the previous season. Interestingly, prices on the Georgian wholesale market are still at a high level, but a survey of market participants shows that downward pressure may increase in the near future. According to official statistics, Georgia exported 840 tons of apples in October 2022, which is 14% less than a year earlier. The value of exports also fell from $630,000 in October 2021 to $550,000 in 2022. 100% of exported apples were supplied to Russia. The main reason for the decline in apple exports is the weakening of demand from the northern neighbor. The latter, of course, is connected with the unjust war against Ukraine. Many Russian citizens have resettled in Georgia, which has increased local demand to some extent, but this is unlikely to be enough. See also: Qualified ...