Georgia: Hazelnut price up 30% compared to last year

Georgian nut-growing companies are unable to set their own prices for hazelnuts, since Turkey sets the price benchmark. According to Levan Kardava, executive director of the Georgian Hazelnut Processors and Exporters Association, the price of hazelnuts has increased by about 30% compared to last year, EastFruit reports. According to the specialist, the price of nuts on the domestic market is determined by the export price. As Business Georgia writes, this year the average price of 1 kg of hazelnuts is from 2.5 to 8 lari. "In general, the price of local nuts is determined by the export price. Unfortunately, Georgia does not have the opportunity to set its own price. We monitor the prices of Turkish nuts and make appropriate calculations. Processing costs, profit margins or other costs should be taken into account, they should be deducted, and what remains should be paid for hazelnuts in shells. As for the specific cost, it varies depending on the quality, at this stage the price ...