High walnut prices in Georgia stimulate imports in December 2021
Raw Walnut
Georgia
Published Jan 12, 2022
Tridge summary
Georgian consumers are seeing an increase in imports of walnut kernels in the local wholesale market, and this should not be surprising. EastFruit marks the lowest import prices for walnut kernels in Georgia over the past 5 years. The Georgian market is dominated by local walnuts, but nuts are usually imported in December due to high pre-New Year demand. In December 2021, Georgia imported 236 tons of walnut kernels, which is 39% more than the average for December over the previous 7 years.
Original content
This volume is not the highest observed, but one of the largest. The advantage of imported walnuts is that they are cheap, while prices for local products are at an all-time high. Importers are trying to seize this opportunity and sell as much as possible before the window closes. The total volume of imports for the entire past 2021 should, according to our estimates, amount to about 5-10% of local production. Data source: Ministry of Finance of Georgia The average monthly import price of walnut kernels in December 2021 was $ 3.5 per kilogram (CIF). At the same time, wholesale prices for kernel nuts, and in Georgia, are at a record high - $ 7-8 per kg. The share of Ukraine in December imports was 63%, the rest of the imports was replenished by Kyrgyzstan. Ukraine was selling at a price below the average - $ 3.3 / kg. The average price for walnuts from Kyrgyzstan was $ 3.8 / kg. See also: Walnut: China continues to squeeze competitors in the global market The price of a nut on the ...
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