Friday, July 8, 2011

Georgian egg market oversaturated, production down

Georgian egg producers have decreased production since 2009 in an effort to lighten the country's overburdened market, even as retail prices have increased by 20%.
In 2009, 430.6 million eggs were produced, while in 2010 only 397 million were produced, according to the National Statistics Office of Georgia. In addition, however, there is a significant import market — by April 2011, 5 million eggs had already been imported into Georgia, mostly (4.5 million) from Ukraine. Georgia's egg export numbers are not nearly as high; in 2010, the country only managed to export 195,000 eggs.

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