Purchasing prices for hazelnuts in Georgia have significantly decreased
Hazelnut Kernel
Georgia
Published May 4, 2022
Tridge summary
According to the head of the Association of Nut Producers of Georgia Georgy Todua, due to the war in the region and the significant devaluation of the Turkish lira, purchase prices for hazelnuts have significantly decreased in Georgia. To date, according to the specialist, almost the entire crop has already been sold, only 10-15% have remained unsold, Business Georgia reports. “Prices have fallen, and now a kilo of hazelnuts costs 4-5 lari ($1.32-1.64), while last year it cost 7-8 lari ($2.30-2.62).
Original content
According to the head of the Association of Nut Producers of Georgia Georgy Todua, due to the war in the region and the significant devaluation of the Turkish lira, purchase prices for hazelnuts have significantly decreased in Georgia. To date, according to the specialist, almost the entire crop has already been sold, only 10-15% have remained unsold, Business Georgia reports. “Prices have dropped, and now a kilogram of hazelnuts costs 4-5 lari ($1.32-1.64), while last year it cost 7-8 lari ($2.30-2.62). There are several factors that led to this result - Russian military aggression in Ukraine, the devaluation of the lira in Turkey, and the overall reduction in demand due to the pandemic. In general, the season, as a rule, completely ends around the end of May, ”says Georgy Todua. See also: Georgia has achieved a record production of fruits and nuts over the past 7 years According to him, the goal of walnut growers is to increase the share of premium hazelnuts, which now occupy a ...
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