And again, unusually high export of potatoes from Georgia

Published Oct 5, 2021

Tridge summary

In September 2021, Georgia achieved a record high in potato exports, totaling 6.2 thousand tons, primarily to Russia and Azerbaijan, making up 83% and 45% of the total export volume respectively. The remaining 17% was exported to Ukraine, Moldova, Armenia, and Slovenia. The price per ton for Russian exports was significantly higher, at $430, compared to other countries like Armenia which paid $280. This situation is attributed to the challenging harvest conditions in Russia, which have increased the demand for potatoes and driven up prices. This trend is anticipated to persist, potentially leading to higher potato prices for the Georgian market as exports to Russia continue to rise, despite the risk of increased prices for local consumers.

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

Original content

EastFruit analysts point to record high potato exports from Georgia at the end of September 2021, as neighboring countries try to fill the potato supply gap. A total of 6.2 thousand tons of potatoes were exported from Georgia in September 2021. 83% of these potatoes went to Russia and Azerbaijan. Ukraine, Moldova, Armenia and Slovenia account for the remaining 17% of Georgia's potato exports. The share of Russia in the total export volume was 45%. Interestingly, there are significant price differences. Exporters to Russia were paid $ 430 per ton, which is 1.5 times more than the second highest price paid by Armenia ($ 280). In all other cases, the export price remained below $ 135 per tonne. Data source: Ministry of Finance of Georgia Russian demand for potatoes from the latest crop in Georgia is driven by the recent unfavorable situation in the Russian market. Heavy rains in Russia make it difficult for growers to harvest potatoes, and local supplies are very limited. Moreover, ...

Source: Eastfruit