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Georgia reveals total projected harvest of grapes in 2020

Business Materials 23 October 2020 15:05 (UTC +04:00)
Georgia reveals total projected harvest of grapes in 2020

BAKU, Azerbaijan, October 23

By Tamilla Mammadova – Trend:

The total projected harvest of grapes in the 2020 vintage is up to 300,000 tons in Georgia, Trend reports via Georgian media.

The harvest is already in the final stage in Kakheti, where, as of October 16, up to 270,000 tons of grapes have been processed. As for Racha, the vintage started there a few days ago, and 2100 tons of grapes were processed.

The government has so far financed the vintage with 50 million lari/$15.5 million, with two state-owned companies, Akura (35 million lari/$10.8 million) and a crop management company (15 million lari/$4.6 million), buying grapes from the viticulturists. Akura registered the application on the State Procurement website.

According to Paragraph 17 of Decree 1182 of the Government of Georgia on the 2020 Vintage Assistance Measure, Akura, managed by the Rural Development Agency, was instructed to receive and process grapes during the 2020 vintage. This means purchasing, processing, warehousing, and storing grapes left on the market after Akura's acquisition by private companies in Kakheti and Racha-Lechkhumi regions.

The event's aim and the state interest are to take appropriate measures to support the viticulturists so that the grape harvest is fully realized in the market.

The state-owned company "Akura," which has been involved in the grape subsidy program for years, will be returned to its former owners in early 2021. According to the Minister of Agriculture, Levan Davitashvili, the company will be transferred in the form of assets that belonged to the company before transferring to state ownership.

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