Seed potato imports to Georgia maintain positive dynamics in April

Published 2022년 5월 13일

Tridge summary

Georgia has experienced a surge in the import of high-quality seed potatoes, despite a rise in costs. In 2021, the country imported 600 tons, an increase of 160 tons from the previous year, and this trend continues in 2022 with a 18% increase year-on-year, totaling 1.3 thousand tons. Despite a price increase of 10-20% in 2022, demand remains high. The majority of the imports come from the Netherlands and Germany. However, the proportion of potatoes obtained from imported seeds is expected to remain below 10% for the 2022 harvest.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit analysts continue to monitor the process of planting potatoes in Georgia. Despite rising costs, we continue to see year-on-year growth in demand for imported high quality seed potatoes. In 2021, Georgia imported 600 tons of seed potatoes, which is 160 tons more than in April 2021. Meanwhile, trade data for April shows a price increase of 20%. In general, imports show significant growth since 2021. Typically, approximately 90% of annual seed imports occur in the first four months of the year. Despite an annual increase in import prices of 10-20% in 2022, Georgia imported 1.3 thousand tons of potato seeds, which is 18% more than a year earlier. Seed imports this year (January-April) are not the highest compared to the same period in the last 9 years, but this is understandable as the market has been struggling since 2016 with rising import prices coupled with devaluation of the local currency. Despite these negative trends, many farmers still find it profitable to import ...

Source: Eastfruit