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Quality Sugar has monopolised Georgian market

By Messenger Staff
Wednesday, April 14
Some analysts think that Azerbaijani-Turkish company Quality Sugar has monopolised the Georgian market, dictating its prices to Georgian consumers. After a rapid surge in price sugar has gone down slightly and you can now buy it in the markets for under GEL 2 a kilo.

These price fluctuations are mainly determined. Recently sugar prices have fallen 45% internationally but in Georgia they have only fallen 20%. Encouragingly India, the world's biggest sugar exporter, is to increase its production.

Sugar is a high demand product in Georgia but consumption of it decreased in 2009 because of the price increases. How long will Georgian consumers resist their craving the sugar?