Prices for essential Georgian food products have risen by 50-70%, Business Georgia reports.
According to the Banks and Finances paper, bread increased in price from 0.45 to 0.90 lari, sugar from 1.20 to 2.80 lari, oil from 2.90 to 4.30 lari, buckwheat from 1.50 to 5.50 lari, potatoes from 0.70 to 1.70 lari, onion from 0.75 to 2.20 lari, beans from 2.75 to 6.00 lari and petrol from 1.60 to 2.10 lari.
China has increased meat consumption.
The World Bank warned the governments of the world that prices for essential foods are reaching a dangerous point and may lead to social disorder. The World Bank said that the number of people in poverty increased by 44 million in 2010.
Expert Lado Papava said that April and May will be the most complicated months for the agricultural market.
1 lari - $0.8.
