Potato prices in Georgia may remain at record lows

Unable to sell all the potatoes grown in the last 2020/21 season, many Georgian potato growers could face another tough 2021/22 season. It sounds strange, because one would assume that after a harvest year and correspondingly low prices, farmers usually reduce the area under potatoes, but this is where the intrigue lies, which can only happen with farmers growing potatoes. Here's the complete story. Since October 2020, most Georgian growers have been selling potatoes at 0.50–0.60 lari ($ 0.15–0.18) per kg. Moreover, prices reached their lowest level in March / April 2021, when they usually rise due to low stocks. As farmers have been hit by very low potato prices, some have chosen not to sell their table potatoes, but plant them, hoping that prices will recover next year. Thus, if the weather permits, the potato harvest in Georgia in September may again be large. Meanwhile, the situation in Turkey looks similar: there is a significant surplus of potatoes on the market, which could ...