Indexes
September 30, 2015 FPI | Georgian Food Prices Trending Down
30
September
2015
Food prices in the largest supermarkets of Georgia have been on the decline over the last couple of months. Prices started adjusting downwards in July 2015 and the trend persisted in September. According to ISET Policy Institute’s Retail Food Price Index (Retail FPI) in September 2015, prices were 1% lower compared to August 2015. While not very significant, this drop in prices brings Retail FPI to its lowest point since the Index’s launch in November 2014. In September, the Index was 3% below its November 2014 level.
Many foods experienced a drop in prices from August to September. Grapes lost more than half of their value (down by 59,3%); prices of tomatoes and carrots declined by 25.0% and 15.7% respectively.
In spite of the overall downward trend, prices of some products increased compared to the previous month. Thus, cabbages added 39.6%, followed by peaches, whose price increased by 30.9%, and fresh chicken meat – up by 9.3%. Still, most products decreased in prices, applying downward pressure on Retail FPI.
The Georgian trend in food prices is consistent with the global trends. FAO Food Price Index, tracking monthly changes in international prices of a basket of commodities, registered a sharp fall in August 2015 (down 5.2 % from July), the sharpest monthly drop since December 2008. Although FAO’s results for September are not available yet, global prices are expected to extend their downward trend.
Recent Publications
View All
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.
