Georgia: Carrot prices higher than last year, lower than in 2019

Last week, Georgian carrots were sold at $0.51 per kg (1.60 GEL), which is more than 30% than in same period of previous year. Alas, this price growth does not seem enough, as 2020 prices were very low. In June 2020 – the first year of pandemic – Georgian carrot growers had to sell their produce for about 40% less than a year before.

Producers speak about increased seed costs. Georgian carrot growers usually work with import seeds which now became more expensive. High quality seed prices are reported to have increased by 80% in the past three years. The current carrot harvest was affected by the weather as well; some big producers have witnessed reduced yields due to dry climate.

June 2021 exports amounted 386 tons, which is quite impressive as Georgia usually does not export more than 70 tons in a whole year. This June export volumes were 9 times more than average volumes in June for 2014-2020. Exported carrots were sold for $0.57 per kg (1.80 GEL), and nearly 100% of them were sent to Russia. Such unusual demand from Russia is helping, yet, export logistics are similar to the case of the potatoes: Russian trucks come to fields, buy product and leave.


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