BFC Georgian Agriculture Finance Bulletin. Edition #91, March 2020
nomic development in the region, increase wine production and provide more employment opportunities for locals. The Optimizing the Potential of Local Assets for the Rural Development of Keda Municipality project is being supported by the European Union (EU)-funded European Neighborhood Program for Agriculture and Rural Development (ENPARD).
9)
SDC, FAO project to support agricultural development at the local level
March 25th, 2020, http://www.fao.org/georgia/news/detail-events/en/c/1267969/
The Austrian Development Cooperation (ADC) is funding a joint project by the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Agriculture that aims to support rural and agricultural development in Georgia. Specifically, the project, which is being implementing in Shida Kartli and Racha-Lechkhumi/Kvemo Svaneti, aims to enhance the competitiveness of the agricultural sector, increase food production and reduce poverty and social injustices. To accomplish these goals, the project will establish local initiative groups to plan project activities. Additionally, four demonstration plots will be created to showcase the best agricultural practices and expertise, including those that promote environment-friendly agricultural practices that reduce the risks and impact of climate change and ensure the formation of sustainable ecosystems. The project will also provide farmers with grant opportunities to boost local investment in agricultural production and, ultimately, improve living conditions. The results of the project are also planned to be used in the development of a new National Strategy of Rural and Agricultural Development.
Private Sector 10) Prices of food and non-alcoholic beverages increase 1.3% March 2nd, 2020, https://agenda.ge/en/news/2020/637
In February 2020, the prices of food and non-alcoholic beverages increased in Georgia by an average of 1.3%. This includes increases to the price of vegetables (an 8% increase), fruits (a 3.6% increase), nonalcoholic beverages (a 1.7% increase) and sugar and sweetened products (a 0.7% increase). At the same time, prices decreased for oils and fats (a 0.6% decrease) and milk, cheese and eggs (a 0.3% decrease). Overall, the consumer price index increased by 0.3% in February 2020 as compared to January 2020, while the annual inflation rate increase to 6.4%.
11) Slaughterhouse data for Q4 2019 released March 2nd, 2020, https://kalo.ge/news/view?id=8226
According to the National Statistics Office, there were 94 animal and bird slaughterhouses active in Georgia in the fourth quarter of 2019. During the fourth quarter, these slaughterhouses produced 9,669.4 tons of meat, including beef (43.4%), poultry meat (34.1%), pork (19.1%) and lamb and mutton (3.2%). On average, the price for slaughtering an animal during the fourth quarter was GEL 24.8 for cattle, GEL 22.8 for pigs and GEL 10.8 for sheep and goats.
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