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ISET Economist Blog

A blog about economics in the South Caucasus.
Jun
30

Food Prices Reach Lowest Mark. At Least in Tbilisi

Retail food prices decreased by 7.6% m/m (compared to the last week of May) and 10.1% y/y (compared to June 2015). The biggest drops were observed for tomatoes (-65.5%), cucumbers (-63.3%) and eggplant (-33.7%). Only a few products gained in value. The highest increases were recorded for cabbage (12.8%), tea (7.3%) and rice (7.2%). TBILISI FOOD PRICES REACH MINIMUM?! Retail FPI reached its lowest mark at the end of June with the main drivers being fresh fruits and vegetables. On the one hand, price declines in the fresh produce category are always expect...
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Jun
22

Georgian Consumers Outsmarting Supermarket Managers?

Seasons change, and so do Georgian food prices. In the second week of June, Georgia’s major food retail networks (Carrefour, Goodwill, Fresco and SPAR) lowered their prices by an average of 3.9% y/y and 1.8% m/m. Compared to the end of May, prices moved the most for the following food items: eggplant (-21%), pasta (-10.3%) and coffee (-5.7%); wheat flour (+11%), buckwheat (+10.5%) and garlic (+6.8%). THE LAW OF ONE PRICE … WHAT LAW? Why should exactly the same product sell at dramatically different prices in different shops? It shouldn’t. At least that’s...
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Apr
30

We May Not Be Hungry, but We Are Starving...

It is a well known fact that nearly a half of Georgian population is involved in agriculture, while Georgia imports around 60% of all the food it consumes. High food import share and food security  are important issues for Georgia, widely discussed among the policy makers and in the media. One issue that remains largely in the shadows of public attention is Georgia’s struggle with nutritional deficiencies and unhealthy, undiversified diets.  Surveys show that bread is one of the main sources of calories in Georgian diets, accounting for as much...
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Apr
05

XXI Century Arrives to Kakheti, with soplidan.ge

Have you ever had a problem of buying healthy products or being lazy to go shopping in open air bazaar? Wouldn’t it be wonderful to be able to order natural and fresh food that gets delivered straight to your door that is not of the fast-food, take-away variety? There might just be reason for optimism with the story of soplidan.ge (“from the village”).  This is a story of a small-business with an innovative idea. Soplidan is the first Georgian internet portal to offer online shopping for agricultural products. Consumers can choose goods they wa...
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Mar
19

Georgian Farmer: From Nonperforming Landowner towards Agricultural Performer

Graph 1 shows the density of Georgian farmers’ revenues received from selling their produce, generated from the sample of 3,000 Georgian rural households. (For the motivation and methodology of our study, please refer to the article that was published here last week. It is also available online on the ISET Economist Blog: “Dumb Farmers Do Not Grow Big Potatoes”, by Florian Biermann and Ruediger Heining).  When the curve of the graph is high, it means that there are many farmers in the respective income range. When it is low, there are few. With...
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