State support for Georgian hazelnut producers has been extended, 20 million lari will be allocated for it in 2024

Published 2024년 5월 24일

Tridge summary

Georgia is set to continue its state program to boost hazelnut production in 2024, with a budget allocation of 20 million lari for subsidies on agrochemicals and pesticides. The program's effectiveness will be measured by yield and export volumes. Despite challenges in hazelnut exports, the Finance Minister noted improvements in the 2023 program and the positive impact on entrepreneurs. The Rural Development Agency distributed 20.9 million lari to farmers owning up to 3 hectares of hazelnut plantations in 2023. However, nut exports decreased by 13% in the first nine months of 2023 compared to the previous year, exporting 11.1 thousand tons worth $52.3 million.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Georgia, the state program for the development of hazelnut production will continue in 2024; 20 million lari will be allocated from the budget to subsidize the cost of agrochemicals and pesticides necessary for growing hazelnuts. Business Georgia writes about this with reference to the speech of Georgy Kapanadze, Deputy Head of the Financial Department of the Ministry of Agriculture, in the Committee on Agrarian Issues of the Parliament. “This year, 20 million lari are planned to subsidize the hazelnut production development program. Yield will be an indicator of the program's effectiveness. The funding allocated is quite large, we hope that the harvest will increase, and this will be reflected in export volumes,” Kapanadze said. The committee also discussed the results of last year's program. First Deputy Minister of Finance Georgiy Kakauridze noted that compared to the previous year, the program for promoting hazelnut production in 2023 had become more effective, although ...
Source: Eastfruit

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