Global trading platform Tridge
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

News & Insights

Local News

Key Turkish produce got more expensive on the Georgian market

Updated Mar 13, 2023
EastFruit’s latest survey held on February 24, 2023, reveals sharp price increases for several key products – most notably, tomatoes and peppers. They are heavily imported at this time of the year, so price changes are strongly linked with external trade issues. Wholesale prices for red tomatoes have increased by 26% over a week, while red and green bell pepper prices have increased by 11%. Similarly, cherry tomato prices have also jumped by 11%.
Prices in both the US dollar and Georgian Lari have changed the same, as the exchange rate remained stable week-over-week. Red tomatoes are now sold at 5.00 GEL/kg ($1.90) on the Georgian wholesale markets, up from 4.50 GEL/kg ($1.50) a week ago. In the same timeframe, cherry tomato prices and both red and green bell pepper prices have increased from 5.00 GEL/kg to 5.5 GEL/kg ($2.09). The price changes are linked with Türkiye, which is the only external supplier of these vegetables for Georgia. The Georgian market depends on imports from Türkiye as the local production is not enough to meet the demand. A major factor for the mentioned price jumps was cold weather in western Georgia, causing delays in logistics. The remaining uncertainty within the importers of how the earthquake in Türkiye could ...
Everything you love about a trade show, made 24/7
Sponsored by

Recommended exhibitors for you

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.