AGRIndex

Details: Created: 03 April 2017

According to the AGRIndex, in March 2017, agriculture product prices stayed practically unchanged — month-to-month, the AGRIndex was just +0.63% (see Graph#1). On the sub-index level, VEGETABLE prices displayed a seasonal pattern and declined m/m by -2.77% after seven months of increases. The same happened with DAIRY products, the prices of which dropped by -3.32% in m/m terms. On the other hand, FRUIT prices increased m/m by +4.23%, while growing MEAT exports drove prices up m/m by +2.64% in March 2017.

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Details: Created: 20 March 2017

The ISET Policy Institute, under the European Union-funded ENPARD project“ Cooperation for Rural Prosperity in Georgia" implemented by CARE, has collaborated with the Ministry of Agriculture of Georgia and the Food and Agriculture Organization of the United Nations in Georgia (FAO Georgia) on the establishment of a mechanism for providing real time market price data for agricultural products. The regional representatives of Ministry of Agriculture of Georgia collect price data for more than 100 primary agriculture products across up to 60 Georgian municipalities on a weekly basis and to mark the second anniversary of the data collection process, we present you with the very first publication of the AGRIndex.

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AGRIndex Methodology

The AGRIndex tracks the retail price dynamics of more than 100 primary agricultural products (plus some dairy products) and emphasizes on domestic production. The index is a combination of four sub-indices (Vegetable Price Index, Fruit Price Index, Dairy Price Index, and Meat Price Index) that utilize the data provided by the Ministry of Agriculture of Georgia. Prices are collected regularly in local bazaars and markets from up to 60 different municipalities across the country, but exclude all Abkhazia and self-governing cities. The Index calculation methodology is similar to the Consumer Price Index (CPI) calculation methodology employed by GeoStat, while the basket and the shares of particular products within the basket rest on the Integrated Household Survey Databases, also provided by the GeoStat.

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