Georgia: Official trade data of hazelnut exports look good, but do not reflect the whole picture

Hazelnut Kernel

Georgia

Published Nov 6, 2021

Tridge summary

According to the official trade data of the Ministry of Finance of Georgia for October 2021, the volume of exports of hazelnuts from Georgia was the largest in the last five years in October. At the moment, the volume of exports this season, or from the beginning of August until today, is the highest since 2014. While the export of new crop hazelnuts is growing according to Georgia's official trade data, the number of refusals at EU borders, which cannot be covered by this data, is also growing.

Original content

Data source: Ministry of Finance of Georgia Exports in October amounted to about 3,300 tonnes per core. This is 9% more than in October 2020 and 20% higher than the October average over the last 7 years. The seasonal decline in exports continues, but the total volume of exports this season is quite high. Since August, including October, Georgia exported 9,150 tons of hazelnuts in 2021. Such a large volume has not been observed over these months since 2014. Unusual demand for inshell hazelnuts from Italy remains the driving force behind overall growth in total exports. Meanwhile, the export of hazelnut kernels decreased by 8% compared to the same period in 2020. Interestingly, export prices for inshell hazelnuts are not bad. The average export price in October 2021 was $ 3,000 per ton, which is 7-30% higher than the October price for the 4 previous years. On the other hand, core prices fell to $ 5,800, down 2% from October 2020. Unfortunately, the quality of the nuts is ...

Source: Eastfruit