Cheap apples and potatoes, but expensive tangerines, carrots and nuts - analysis of changes in wholesale prices for the year in Georgia

Published 2020년 11월 10일

Tridge summary

The article provides an overview of the significant changes in the wholesale prices of various fruits and vegetables in Georgia, attributing the price hikes to factors such as harvest sizes, spring frosts, devaluation of the national currency, and import dependencies. Notably, tangerine prices surged by 67% due to a small harvest, while carrot and walnut prices increased by 11% and 10% respectively, largely influenced by import prices and currency devaluation. Conversely, the price of hazelnuts saw a decrease in dollar terms, despite a 7% increase due to a higher harvest and currency factors. Additionally, the article highlights the impact of the pandemic on the market, leading to a decrease in demand for greenhouse vegetables and berries, which resulted in significant price drops.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit analysts continue to analyze changes in wholesale prices in different countries of the region for the year. Indeed, at this time, most of the vegetables and fruits have already been harvested or their harvesting is completed, which means it is time to summarize the interim results. In Georgia, prices for tangerine increased the most over the year - by 67% at once. This week the average price of fresh tangerines in the wholesale market in Tbilisi was 2 GEL per kg, while last year at the same time it was 1.20 GEL per kg. The rise in the price of this popular citrus fruit in Georgia is associated with a modest harvest this year, which is explained by spring frosts and the frequency factor of fruiting in the tangerine gardens of Georgia. As farmers explain, tangerine orchards are prone to this phenomenon and, as a rule, the garden gives a good harvest every two years. According to the information of the Ministry of Agriculture of the AR of Adjara, the forecasted volume of ...
Source: Eastfruit

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.