Georgia's Product Renaissance company to start delivering hazelnuts to markets next week
BAKU, Azerbaijan, August 1
By Tamilla Mammadova – Trend:
Georgian Product Renaissance company will start delivering hazelnuts to markets next week, Trend reports via Georgian media.
"The quality of hazelnuts is good this year in Georgia as well as the harvestç so one kilogram will cost 2.5-3 lari (81-97 cents) on average," said Baya Salukvadze, the founder of Georgian Product Renaissance.
The company, located in Khobi, Samegrelo was founded in October 2013. It processes an average of 2,000-2,500 tons of nuts per year. The company employs 80 people during the season and 30 during the off-season.
“The crop is quite good not only in Georgia, but all over the world. Thus neither the local price nor the international export price is high. The average export price of chopped hazelnuts is $5.5-$6, while the average delivery price in Georgia is 2.5 lari (81 cents)," Salukvadze noted.
"Prices in the hazelnut market are very volatile, it does not depend on the Georgian consumer and purchasing market. It depends on prices in Turkey, so we don’t exclude price hikes starting from October," Salukvadze said.
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