Georgia

Meat production in Georgia grew by 9.5% in Q1 of 2018

Products

Prices have registered a recovery in March and April but only because of the Easter season and an increase in tourist flow.

Posted on May 22 ,12:54

Meat production in Georgia grew by 9.5% in Q1 of 2018

Meat prices on the Georgian market, except for pork, have registered the second month of growth in April reaching the highest level in the last 12 month. Nevertheless, the speed and direction of changes in prices were not uniform in the last year.
Fresh beef has gained 5.6% in the last 12 month while chicken meat marked only a difference of 1% compared to April 2017. Mutton prices have evolved better gaining 6.8%.
The supply is still pressuring the prices as GeoStat's data shows that meat production in the ex-Soviet republic is up by 9.5% in the first quarter of this year, compared to Q1 2017. The number of bovine animals went down by 51,600 head in the same period of time, while the trade balance decreased by only 18,700 head. In case of pigs, the total number increased by 16,400 head (+10.2%) during the last four quarters, and the trade balance decreased by 1,600 head, leading to a marginal but logical decline in pork prices. The 2.4% increase in the number of poultry started to affect the chicken meat market only recently, reports local newspaper The Financial, citing official statistics.
In the last two month prices have registered a small recovery but only because of the Easter season and an increase in tourist flow.

(Photo source: Flickr/Komunews)

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

EU

EU: Reduced available supplies pushing up pork prices

The driving force behind these price increases has been reported as an uplift in demand alongside...


Read more Read more
AUSTRALIA

Australia: Survey highlights widespread optimism in beef sector

The BPIS, scheduled three times a year, covers different sectors of the Australian grassfed cattl...


Read more Read more
USA

USMEF joins USDA’s first trade mission to Angola

While hurdles remain on the African continent, growth forecasts related to population, GDP, perso...


Read more Read more
Websolutions by Angular Software and SpiderClass