Indexes
September 2018 | Agri Review
30
September
2018
Agricultural production has decreased by 0.8% in the second quarter of 2018 compared to the same period in 2017. In spite of the decline in agricultural production, FDI in agriculture has increased. While FDI in agriculture is relatively low compared to the other sectors of the Georgian economy, it should be noted that agricultural FDI in the second quarter of 2018 reaches its maximum for the last three years.
Increased FDI is not the only good news for the sector, another one is related to “Rtveli”, which has started on August 20, and is not subsidized by the Government for the first time during the last ten years. This change in the policy is expected to lead to better quality wine and more competitive grape growers and wine producers.
As to the prices, in the category of food and non-alcoholic beverages, prices increased by 1.5% and 3.2% on a monthly and annual basis respectively. In August 2018, prices in the group of milk and milk products increased on a monthly basis as well as on an annual basis which is caused by decreased production of milk.
As to international trade, during August 2018, Georgia’s agricultural exports (including food) amounted to 51 mln USD, which is around 25% of total Georgian export value. While comparing this indicator to August 2017, it is 7% lower. As to imports, in August 2018, Georgia’s agro imports stood at 90 mln USD, which constitutes 15% of total Georgian imports. Year over year (compared to March 2017), agricultural imports increased by 3%.
Recent Publications
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June 2024 | Agri Review
28
June
2024
In June 2024, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2023. The publication estimates that agriculture, forestry, and fishing comprised 6.9% of the GDP in 2023, which is slightly lower than in previous years, but in line with general trends over the last few years (agricultural GDP being 7-8% of GDP on average).
March 2024 | Agri Review
01
April
2024
In June 2023, responding to appeals from the Georgian Flour Producers Association, the Georgian government imposed a temporary import duty on wheat flour imported from Russia. This advocacy by the Association began after Russia implemented a “floating tariff” on wheat in 2021, making wheat imports more expensive compared to wheat flour.
December 2023 | Agri Review
29
December
2023
Citrus production in Georgia is currently experiencing a declining trend, despite the implementation of a tangerine state subsidy program. Under the program, farmers receive 30 instead of 15 tetri for 1 kg of non-standard (low-quality) tangerines.
September 2023 | Agri Review
29
September
2023
Rtveli 2023 commenced this August. Similar to previous years, the Government of Georgia (GoG) is subsidizing the grape harvest again to support farmers who have suffered from worsening climate conditions. Based on information from MEPA representatives, the subsidy's primary aim is to guarantee that even producers with lower-quality grapes can still sell their products.
June 2023 | Agri Review
30
June
2023
In June 2023, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2022. The publication estimates that agriculture, forestry, and fishing comprised 7.5% of the GDP (constant prices) in 2022, which is lower than the 8% share in 2021, but in line with general trends over the last few years (agricultural GDP being 7-8% of GDP on average).
