Tridge summary
In 2024, hazelnut prices in Georgia nearly doubled due to issues in the Turkish market, which is responsible for 70% of the world's hazelnut exports. Despite this, the Georgian Nut Producers Association's executive director, Georgiy Todua, stated that Georgia is producing more high-quality nuts and has greater potential. The majority of Georgia's exports are sent to the European Union, Italy, and Germany, with a focus on quality over quantity. Todua also expressed hope for continued government support for farmers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
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 ...
Source: Eastfruit
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