Tridge summary
In January 2023, Georgia imported a large quantity of onions, reaching record levels for the month since 2014, leading to a significant increase in wholesale prices, which have reached a record high of 2.3 GEL (€ 0.80) per kilo. This is attributed to the low stock levels of onions in the country, increased demand due to the influx of Russian citizens, and global pressure to increase prices. Neighboring countries such as Kyrgyzstan, Tajikistan, Uzbekistan, and Kazakhstan have either banned or restricted onion exports, and Georgia sourced its onions from three of these countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In January 2023, Georgia imported the largest quantity of onions for January since at least 2014. Wholesale prices have increased, which was to be expected. The main suppliers of onions were Georgia's immediate neighbours. EastFruit's price monitoring tool shows that the wholesale prices of onions in Georgia are at a record high. A kilo is sold for an average of 2.3 GEL (€ 0.80). Just like the import volume, such a price fits better with the end of the season. The peaks in imports and prices are explained by the low stocks of onions in Georgia. The increased demand due to the influx of Russian citizens comes as no surprise. Moreover, buying ahead should also be an important factor here as there is global pressure to increase prices and nearby countries are ...
Source: Uiennieuws
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
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.