
Spring is already here. Seeing more sunshine and rains, Georgia’s western provinces are enjoying the sharpest seasonal increases in the supply of fresh milk and dairy products, such as Imeretian cheese. This cheese is the main (and most expensive) component of the Georgian khachapuri, driving the sharp seasonal fluctuations of the Khachapuri Index.

As often discussed on this page, the seasonal dynamics of the Khachapuri Index are mainly driven by extremely sharp fluctuations in the supply of fresh milk, which directly affects the prices of traditional dairy products such as Imeretian cheese. However, these seasonal fluctuations in the price of cheese are consistently sharper in Kutaisi than anywhere else in Georgia.

“Considering agricultural externalities in the measurement of farm performance: the Swiss case” was the title of a presentation given by Dr. Phatima Mamardashvili at ISET on April 29.