Indexes
October 15, 2015 FPI | Fall Is A Time Of Great Bargains
15
October
2015
After quite a number of declines, food prices started to increase at the beginning of October signaling the end of the fresh fruits and vegetable season.
Retail FPI for the 2nd week of October is 5% higher compared to the last week of September. An increase in prices is driven mostly by the increase in the price of vegetables and fruits. Plum became 35.4% more expensive in October, eggplants’ price increased by 21.4%, and apples gained in price 17%.
Although average prices increased, not all the supermarkets have higher prices compared to the previous month. As indicated by the diagram there is a high difference in prices (high variance) in fall caused by one of the supermarket’s huge promotions in September. Since up to fall, prices were more or less stable, seasonal promotions appear to be used by Georgian retail food chains.
Some of the most aggressively promoted products in September were poultry meat, pork and beef. Although frozen chicken lost in value relatively small 4%, the price of pork declined by 30%. Beef prices dropped by even more and showed 38% decline as a result of promotions.
Recent Publications
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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).
March 2023 | Agri Review
31
March
2023
The budget for the Ministry of Environment Protection and Agriculture (MEPA) amounted to 698.5 million GEL (an increase of 10.0 million GEL) in 2023.
December 2022 | Agri Review
26
December
2022
Hazelnuts are one of the most important crops for Georgia in terms of export: between 2010-2021, they accounted for around 4.4% of total exports (GeoStat, 2022). In 2013, the quantity of exported hazelnuts reached its maximum level (30 ths. tons), in the following years, it then decreased to 19 ths. tons alongside an increase in value, thus indicating higher prices per exported kg of Georgian hazelnut.
