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The key to price stability in Georgia is the calmness of citizens: Deputy Minister of Agriculture
The key to price stability in Georgia is the calmness of citizens: Deputy Minister of Agriculture
Business must show social responsibility and prevent unreasonable rise in food prices, ministry says 15.03.2022, Sputnik Georgia
2022-03-15T07:32+0400
2022-03-15T07:32+0400
2022-03-15T07:32+0400
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TBILISI, March 15 – Sputnik. Georgia has free market conditions and the state cannot influence the pricing of this or that product, First Deputy Minister of Agriculture Giorgi Khanishvili said. Last week, some types of food products literally disappeared from the shelves in Georgian stores. Residents of the country massively bought sugar, as well as salt, soda, sunflower oil, flour and cereals, fearing that these goods would be in short supply due to the events in Ukraine. The West began to tighten sanctions against Russia immediately after it launched a special operation in Ukraine on February 24. As a result, prices for some essential products rose in price within a few days. According to Khanishvili, conditions for a free market have been created in Georgia and at the level of each store, which number in the thousands, it is simply difficult to carry out any prevention of price increases if demand increased so rapidly that one or another product became scarce. According to the deputy head of the Ministry of Agriculture, the department held a meeting with associations on March 9, on the issue of food shortages in stores, which was recorded on March 8. “All associations unanimously told us that prices are really However, the events of the previous day led to the fact that the increased demand for a certain commodity group increased the prices for this commodity group, otherwise the prices for other commodity groups did not change and the previous pricing policy was maintained,” Khanishvili explained. Experts attribute this to the fact that buyers bought these products in individual stores at a price of 1.5 and even twice more expensive than usual, and only a few days later they realized that they “remained deceived”, as food prices returned to their previous levels. Earlier, the Minister of Agriculture said that businesses should show social responsibility and prevent unreasonable increases in food prices. Subscribe to the video news from Georgia on our YouTube channel.
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Business must show social responsibility and prevent unreasonable rise in food prices, the ministry believes
TBILISI, March 15 – Sputnik. Georgia has free market conditions and the state cannot influence the pricing of this or that product, said Giorgi Khanishvili, First Deputy Head of the Ministry of Agriculture.
Last week, some types of food products literally disappeared from the shelves in Georgian stores. Residents of the country massively bought sugar, as well as salt, soda, sunflower oil, flour and cereals, fearing that these goods would be in short supply due to the events in Ukraine. The West began to tighten sanctions against Russia immediately after it launched a special operation in Ukraine on February 24. As a result, the prices of some basic commodities rose in price within a few days.
According to Khanishvili, conditions for a free market have been created in Georgia, and at the level of each store, which number in the thousands, it is simply difficult to implement any kind of price increase prevention if demand has grown so fast that this or that product has become scarce.
“People just need to know that such an emotional step pushes prices up. There is no other prevention for this. These are not state-regulated prices. We have free pricing, and business is free, including pricing. Therefore, peace and balance are the guarantee that prices in Georgia will be stable,” Khanishvili said on Channel One.
According to the deputy head of the Ministry of Agriculture, the department held a meeting with associations on March 9, on the issue of food shortages in stores, which was recorded on March 8.
“All associations unanimously told us that prices were indeed maintained and not increased. However, the events of the previous day led to the fact that increased demand for a certain product group increased prices for this product group, otherwise prices for other product groups did not change and the previous pricing policy has been preserved,” Khanishvili explained.
Experts attribute this to the fact that buyers bought these products in separate stores at a price of 1.5 or even two times more than usual, and only a few days later they realized that they “remained deceived”, as food prices returned to their previous levels.
Earlier, the Minister of Agriculture said that businesses should show social responsibility and prevent unreasonable increases in food prices.
