New harvest potatoes at record low prices in Georgia in the history of EastFruit; even lower than the prices for last year's potatoes

EastFruit analysts note that the new potato season in Georgia began with very high prices for potatoes of the new crop. However, according to a survey conducted on May 19, the average wholesale price is at its lowest level in EastFruit's history for the week. Interestingly, the prices of new crop potatoes are now lower than last year's, and there is a simple explanation for this. The new potato appeared on the Georgian market in March 2023. With very small volumes, prices were record-breaking - 10 lari / kg (about $ 3.90 at that time). But they have fallen sharply since early April. There were two main reasons: 1) A large volume of alternatives in the form of imports of potatoes harvested last year. 2) More potatoes from the new crop are entering the market. For Georgia, as a rule, during transitional periods, such as the current one, when potatoes of the previous crop leave the market and early potatoes arrive, new ones are more expensive. Sellers of old potatoes want to sell ...