Onion prices in Georgia fell below last year's levels for the first time in eight weeks

As an EastFruit reader is well aware, the decline in global onion supply in 2022 has led to record high prices in many countries. Georgia is no exception. Due to low local supply and high demand, prices in Georgia have been even higher since early June 2023. Prices have fallen below 2022 levels this week. The new season may not be as good as the previous one. First of all, it should be said that the main harvest in Georgia begins around August-September. As a rule, the supply of local onions before this period is low and is considered an early harvest. The Georgian market is also heavily dependent on imports. This dependence manifests itself throughout the year, as the country simply does not produce enough onions. Thus, both local supply and the situation on the world market have a significant impact on prices in Georgia. This week, the average price of onions in the wholesale markets of Georgia fell to GEL1.00/kg ($0.38/kg) from GEL1.40/kg ($0.50/kg) in the same week last year. ...