Hazelnut prices in Georgia have doubled

In 2024, purchase prices for hazelnuts in Georgia almost doubled, Business Georgia reports. “A high-quality nut, which last year cost 4 lari, this year costs 7-8 lari,” explains Georgiy Todua, executive director of the Georgian Nut Producers Association. “Naturally, the price change is caused by various factors, but the Turkish market is very important, where nut farming faces with big problems and are in approximately the same conditions as we were in 2017-2018.” Read also: The state support program for Georgian hazelnut producers will continue in 2024 According to him, the Turkish market plays a big role in pricing, since it is there that 70% of the world's hazelnut exports are produced, respectively, and international prices depend on the harvest in Turkey. “A lot depends on the Turkish market in the future, but the main thing is that we are not dependent on a specific market. The main thing is that more high-quality nuts are now produced in Georgia, and the ...