Indexes
October 2022 | Agri Review
03
October
2022
The National Statistics Office of Georgia (GeoStat) recently published its economic review for II Quarter 2022. Their publication highlights that agricultural production increased by 10.9% in the second quarter of the year compared to the same period of 2021. Furthermore, agriculture contributed to 8.3% of the country’s total GDP during this period. There were also positive trends in Foreign Direct Investments (FDI) within the sector. In the second quarter of 2022, FDI in agriculture accounted for 3.2 mln. USD compared to -1.7 mln. USD in 2021. Nevertheless, FDI in agriculture was relatively low in comparison to other sectors of the Georgian economy and accounted for just 0.9% of total FDI.
On 24 August, the “Rtveli 2022” harvest started. As with previous years, the Government of Georgia (GoG) is again subsidizing the 2022 grape harvest to help farmers and wine producers sell their products. During Rtveli 2022, wine companies will receive a subsidy if they purchase and process at least 100 tons of green Rkatsiteli or Kakhuri grapes grown in the Kakheti region, and if the company pays at least 0.90 GEL per kg for the fruit; 0.35 GEL will be subsidized from a total of 0.9 GEL per kg of grapes purchased. Under this support program, up to 25 ths. farmers will be able to sell their produce and about 300 wineries will be involved in grape harvesting, storing, and handling activities. GoG has allocated a total of 150 mln. GEL to subsidize the 2022 grape harvest. By 30 September, around 211.1 ths. tons of grapes were sold, with a corresponding sales revenue of 247.9 mln. GEL for farmers. However, since Rtveli is not yet over, the final statistics on grape sales and their respective total revenue is not yet available.
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).
