Weak start of hazelnut export season in Georgia

EastFruit analysts are monitoring the new hazelnut season in Georgia - export data for August looks disappointing. The volume of exports of hazelnut kernels, one of the country's main export commodities, has halved compared to August 2021. The prices are also low. Volumes and prices of hazelnut kernel exports from Georgia in August In August of this year, the export of the Georgian hazelnut kernel amounted to only 0.5 thousand tons, which is the lowest figure for August, at least over the past 9 years. Export prices have fallen to one of the lowest levels: since 2014, the average monthly export price has been above the current average of $4.70/kg in more than 75% of cases. This price is also the lowest price for August. The top 3 export destinations at the beginning of the new season included Germany, Armenia and Russia. The surge in the export of inshell hazelnuts, which was observed last season, did not continue this time. Last season there was a steady demand from Italy, which ...