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Georgia sees increase in imports of dairy products

Business Materials 4 December 2020 17:32 (UTC +04:00)
Georgia sees increase in imports of dairy products

BAKU, Azerbaijan, Dec.4

By Tamilla Mammadova – Trend:

As a rule, at the end of the year, when the production of raw milk in Georgia is minimal, imports of dairy products increase, and this year was no exception, Trend reports via Georgian media.

In November 2020, imports of dairy products to Georgia increased by 3-4 million liters (raw milk equivalent) compared to the previous 4 months and amounted to 13.3 million liters. Overall, the volume of imports this year is still at a record high, but the difference from last year continues to decrease. Average import prices also remain high, although they may change from next year.

Of the 13.3 million liters of imported dairy products, 5.6 are skimmed milk powder. This is 16 percent less than in the same month a year earlier. Imports of milk powder remain low: overall, less powder is imported this year than in any of the previous 4 years.

Total dairy imports in the first 11 months are still higher than last year, although the difference continues to narrow. Recently, there has been a downward trend in the import of dairy products, which is still continuing. Imports of dairy products in November fell by 4 percent year-on-year.

The average price for imported dairy products remains at one of the highest lari levels. The upward trend in prices in the national currency continues, and an important role in this is played by the lari exchange rate, which continued to decline in November. In contrast to the lari, it can be said that the average import price this year is not characterized by a clear upward trend in USD.

The average import price for November 2020 is 1.44 lari and $0.44 per liter of raw milk equivalent (including processing, transportation to Georgia, and related costs, excluding Georgian government taxes such as VAT).

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