Georgia raises prices for export wine

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 an 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 the General Director of "Tbilvino", Georgii Margvelashvili.

The company "Shuhman Wines" also raised export prices 10-15%. According to its CEO Nutsa Abramishvili, in this case, too, the reason is the same - growth in demand and the rise in price of raw materials.