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Spike in tomato prices in the Georgian market

Tomato prices jump in the Georgian wholesale prices over the week. According to EastFruit’s price monitoring, tomatoes were sold for GEL2.20/kg ($0.85/kg) on July 21, 2023. A week earlier average price was recorded at GEL1.20/kg ($0.47/kg). Similar price movement was observed in 2022, but this time prices jumped even higher.

 

In the same week last year, the average wholesale price for tomatoes amounted to GEL2.00/kg ($0.71/kg). So, in year-on-year terms, the price in the Georgian Laris has gone up by 10%, while it increased by almost 20% in US Dollars, which is due to the strengthening of the Georgian currency.

 

The tomato price jump at the end of July is not a new thing in Georgia. This is a transitionary period when the supply from local high tunnels is switched by the open-field tomatoes. If there are low supplies left from the high tunnels and open-field produce has not come in yet, tomato prices jump up.

Added: 27-07-2023
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