Worldwide, potato prices are rising

Recently, potato prices have increased significantly around the world. Since selling costs are determined by supply and demand, some agricultural experts argued that the increase is the result of a shortage in the market. Others claim that this is the result of price manipulation by some merchants who control the goods by deliberately reducing the available quantities in order to increase product prices. In Georgia, an important potato-producing region had a smaller harvest this year, which resulted in an increase in their prices. This has led to an increase in imports to meet local demand.” The country has started importing, but volumes are small and prices are still rising. This will probably encourage more imports. The average wholesale price [... ], which includes prices for both traders and farmers, is $0.66, an increase of 6% over previous weeks," EastFruit recently wrote. According to official trade data for October, Georgia imported 530 tons of potatoes. The largest ...