Hazelnuts are one of Georgia’s top ten export commodities. During 2010-2020, hazelnuts accounted for around 4.4% of Georgia’s total exports (GeoStat, 2021). In 2013, the quantity of exported hazelnuts hit its maximum level at 30 ths tons, then decreased to 19 ths tons in the following years with an increase in the value indicating higher prices per exported kg of Georgian hazelnuts. In 2016, the quantity of exported hazelnuts amounted to 27 ths tons, which was the second highest indicator in the observed years (2010-2020) (Figure 1).
Hazelnuts are...
ISET Economist Blog
A blog about economics in the South Caucasus.
Jun
28
Mar
08
On February 15th 2021, export quotas on wheat, rye, maize, and barley entered into force in Russia. Russia also imposed customs tariffs and prohibitive duties amounting to 50% of customs value on these products.
WHAT DOES THIS MEAN FOR GEORGIA?
In general, the introduction of customs tariffs or quotas on exports is a part of a protectionist policy and is, more often than not, directed towards the protection of local producers and markets. Export quotas entail restrictions on the quantity of specific goods and services within an outlined period of time wi...
Feb
01
The COVID-19 pandemic has led to widespread economic distress in many countries around the world. For the first time since 2009, the world’s gross domestic product (GDP) is expected to have declined in 2020. Alongside other sectors of the economy, such impacts are also being felt by the food and agricultural sector. The pandemic has affected food security and nutrition, supply chains, food and livestock production, and food safety. The pandemic consequently poses a serious threat to livelihoods in poor countries, those where agricultural production syste...
Nov
30
Food supply systems are crucial to the economies of most developing countries, supplying the largest share of food production, and constituting livelihoods and a key source of income for the majority of the population (FAO, 2020). It is therefore vital to maintain the steady flow of goods and services required from local and international food supply chains to ensure the health of the population, and to protect their incomes and livelihoods.
Lockdowns from the COVID-19 pandemic have created logistical issues and posed challenges to the function of food s...
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