ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Jul
04

Will Restricting Food Imports Save Georgian Farmers?

On June 2, 2016 the second EU supported Farmers’ Congress of Georgia was held at the Tbilisi exposition center. Around 150 farmers from different parts of Georgia had an opportunity to meet with the government representatives and discuss current challenges of Georgian agriculture. The Congress mainly focused on three major issues for smallholders and cooperatives:  access to market, access to finance and potential impact of food security regulations. Farmers provided their own view on what type of trade policies the government should implement in or...
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Jun
30

Food Prices Reach Lowest Mark. At Least in Tbilisi

Retail food prices decreased by 7.6% m/m (compared to the last week of May) and 10.1% y/y (compared to June 2015). The biggest drops were observed for tomatoes (-65.5%), cucumbers (-63.3%) and eggplant (-33.7%). Only a few products gained in value. The highest increases were recorded for cabbage (12.8%), tea (7.3%) and rice (7.2%). TBILISI FOOD PRICES REACH MINIMUM?! Retail FPI reached its lowest mark at the end of June with the main drivers being fresh fruits and vegetables. On the one hand, price declines in the fresh produce category are always expect...
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Simon Appleby
Before the breakdown in relations, Turkey exported about USD$2.5 billion worth of fruit/vegetable and nuts to Russia each year. Ru... Read More
Thursday, 30 June 2016 2:02 PM
Eric Livny
Indeed, recovering lost markets is not going to be easy, especially for basic foodstuffs like tomatoes and cucumbers. The French w... Read More
Thursday, 30 June 2016 3:03 PM
Simon Appleby
Even French wine is not guaranteed re-entry, on equitable terms or at all. Russian investors are being offered huge subsidies to e... Read More
Thursday, 30 June 2016 7:07 PM
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Jun
22

Georgian Consumers Outsmarting Supermarket Managers?

Seasons change, and so do Georgian food prices. In the second week of June, Georgia’s major food retail networks (Carrefour, Goodwill, Fresco and SPAR) lowered their prices by an average of 3.9% y/y and 1.8% m/m. Compared to the end of May, prices moved the most for the following food items: eggplant (-21%), pasta (-10.3%) and coffee (-5.7%); wheat flour (+11%), buckwheat (+10.5%) and garlic (+6.8%). THE LAW OF ONE PRICE … WHAT LAW? Why should exactly the same product sell at dramatically different prices in different shops? It shouldn’t. At least that’s...
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Simon Appleby
It is good that you mention the issue of loss leaders. In Europe, America and Australia, farmers and processors are regularly outr... Read More
Wednesday, 22 June 2016 11:11 AM
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Apr
30

We May Not Be Hungry, but We Are Starving...

It is a well known fact that nearly a half of Georgian population is involved in agriculture, while Georgia imports around 60% of all the food it consumes. High food import share and food security  are important issues for Georgia, widely discussed among the policy makers and in the media. One issue that remains largely in the shadows of public attention is Georgia’s struggle with nutritional deficiencies and unhealthy, undiversified diets.  Surveys show that bread is one of the main sources of calories in Georgian diets, accounting for as much...
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Florian Biermann
(1) I am surprised that Georgians are eating that much starchy food. I always thought that countries where people eat a lot of bre... Read More
Wednesday, 04 May 2016 10:10 AM
Guest — Yasya
Florian, you are right, food supplements can be very important for poor countries. We discussed this issue in an earlier blog, in ... Read More
Wednesday, 04 May 2016 11:11 AM
Nodar
This is nice article and it more or less perfectly describes diversity of food and makes comparison between various countries and... Read More
Friday, 06 May 2016 10:10 AM
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Jan
23

Mandatory Flour Fortification in Georgia: a Boon or a Burden for the Poor?

We are what we eat – in the near future Georgians are likely to be reminded of this universal truth.   Soon the Georgian Parliament will be discussing a small but important change, which will affect something as significant and vital as bread, along with pasta, khachapuri and anything made with wheat flour. The Georgian legislators will be considering a law, according to which flour fortification will become mandatory in Georgia. Mandatory food fortification is a contentious issue. The proponents of the law argue that this change is a great way to d...
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Guest — PatiMamardashvili
I agree with the author that flour fortification might correct some nutritional deficiencies which seem to be quite prevalent amon... Read More
Saturday, 30 January 2016 7:07 PM
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