News

Potato shortage in Georgia does not worsen before the new season

Fresh Common Potato
Vegetables
Georgia
Published May 23, 2023

Tridge summary

EastFruit analysts believe that an increase in potato prices in Georgia is unlikely in the near future. May is a transitional period when the Georgian market switches from last year's potatoes to potatoes of the new crop. Potato prices sometimes rise when the previous harvest, which occurs in September-October mainly in the Samtskhe-Javakheti region, is not enough before the new crop reaches the market in full.

Original content

Interestingly, the harvest in this region in 2022 was not high, but prices remained stable. The average price of last year's potatoes in the Georgian wholesale market is fixed at about $0.67/kg and shows no signs of growth. There are two main reasons: prices are already very high, and potato imports are very large. Due to a poor harvest in Samtskhe-Javakheti in 2022, potato prices rose in October. The average price has been stable since then, but at an all-time high. Raising prices even higher is likely to be problematic - Georgian consumers are already paying a very high price, are they ready to pay even more? - for the most part, probably not. The average wholesale price in Georgia remains the highest in the EastFruit project: The price difference opened up opportunities for Georgian importers, and they took advantage of them quite well. From October 2022 to the end of April 2023, the country imported just over 27,000 tons of potatoes, the second-highest import volume for this ...
Source: Eastfruit
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