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Monday, March 3, 2014

Georgia raises prices for wine exports

04.03.2014. Most Georgian wine companies have already raised the prices of their exports. Production prices have risen since the end of 2013, and it affected the main export markets.

"Prices rose only for red wine, and this is caused by  increase in product demand and a rise in price of grapes in Georgia. Export wine has risen in price by 10-20%, but in Georgia prices have not changed," Business Georgia quotes Georgi Margvelashvili, general director of Tbilvino.

Schuchmann Wines also raised export prices 10-15%. According to its CEO Nutsa Abramishvili, the reason is the same - growth in demand and the rise in price of raw materials.

Source

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