Georgian producers predict reduction in hazelnut harvest

Published 2022년 6월 9일

Tridge summary

The Georgian Hazelnut Producers Association anticipates a decrease in the hazelnut harvest this year, with a predicted decrease of 5-10 thousand tons compared to last year, totaling 60,000 - 65,000 tons. Due to reduced global market prices, farmers may be disincentivized to invest in quality control, but the head of the association stresses the importance of maintaining standards and believes that high-quality nuts can still bring substantial profits. In 2021, Georgia earned $115 million from hazelnut exports, primarily to the European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The official forecast for the hazelnut harvest this year is expected at the end of June, however, there are already certain expectations, and they are not very encouraging - according to the head of the Georgian Hazelnut Producers Association Georgy Todua, this year's harvest will decrease by 5-10 compared to last year thousand tons. “In general, the yield this year is not bad, but there will be no such indicators as last year. According to preliminary observations, it can be concluded that by the end of the year 60,000 - 65,000 tons will be harvested, while last year this figure was 75,000 tons. Now the most important thing is to focus on the quality of hazelnuts, and for this it is necessary to comply with all standards of care, including chemical treatment,” said Todua. See also: In May, Georgia continued to export hazelnuts, but the price had to be reduced According to him, money needs to be invested for this, and this is a problem, since the price of nuts is expected to be ...
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.