Georgia can quickly find an alternative to Russian wheat and flour

Published 2024년 10월 16일

Tridge summary

Levan Silagava, head of the Flour Producers Association, assured that Georgia is capable of quickly sourcing wheat and flour from alternative suppliers if needed, despite its current reliance on Russia for 97% of its wheat imports due to cost and transportation benefits. In the event of disruptions from Russia, Georgia can pivot to suppliers in Kazakhstan, Ukraine, and EU countries such as Romania, Hungary, and Bulgaria, utilizing sea or railroad transport options. This flexibility is bolstered by a record wheat harvest and efficient supply chain operations. Additionally, the article highlights UkrAgroConsult's AgriSupp platform, which offers market intelligence for grains and oilseeds.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Head of the Flour Producers Association Levan Silagava said that Georgia will be able to quickly find an alternative to the Russian market as a supplier of wheat and flour. According to him, 97% of Georgia’s wheat imports come from Russia due to short transportation time and low transportation costs compared to other markets. Silagava noted that the country is capable of importing from alternative markets if necessary. “Dependence on Russia is 97%. In the event of a negative scenario, which could happen, the situation will be leveled out due to stocks and efficient operation of the supply chain. <…> If supplies are cut off, we have alternative markets – Kazakhstan, Ukraine, EU countries, in particular Romania, Hungary, Bulgaria. We can replace the market very quickly, as other markets are open. The wheat harvest was record-breaking. If there is a situation when supplies from Russia are difficult, we will immediately switch to sea or railroad alternatives”, – said the head of the ...

Source: UkrAgroConsult