There is no demand for Georgian apples and greens on the Russian market

Published 2022년 3월 1일

Tridge summary

Georgian farmers are facing challenges in exporting seasonal fruits and herbs to Russia due to Russia's invasion of Ukraine and the resulting economic sanctions. The depreciation of the Russian ruble is making it difficult for traders to plan and is already impacting the prices of greens in Georgia. Farmers are unsure of the future of exports to Russia and are considering planting crops for the local market. GDB LLC, a Georgian company that supplies McDonald’s in Russia with locally produced salad, is looking for alternative markets as money transfers from Russia are becoming a problem. The export of apples, another crop that Georgia exports to Russia in the spring, has also been halted.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Following Russia's armed invasion of Ukraine on February 24, 2022, Georgian farmers faced difficulties in exporting seasonal fruits and herbs to Russia. After Russia invaded Ukraine last week, the rest of the civilized world responded to the aggressor with harsh sanctions that have already played their part in weakening the Russian economy. The Russian ruble fell more than 30%, making it difficult for traders to plan ahead as the economic situation is expected to worsen in the near future. Usually in spring, Georgia exports greens and apples to Russia, which is a traditional export market for Georgian agricultural products. EastFruit asked farmers and traders to talk about the situation on the market, taking into account the consequences of sanctions against Russia. The 2021-2022 season has already been challenging for greengrocers in Georgia. If earlier farmers complained about low prices and competition with other suppliers on the Russian market, now the situation looks even ...

Source: Eastfruit