Georgia extends duty on flour, barley, and bran imports from Russia

The duty effectively balances floating tariffs on imported wheat and puts factories in a competitive environment, experts believe The Georgian government has extended the temporary duty on the import of flour, barley and bran from Russia until March 1, 2025. In order to support Georgian farmers who have had problems selling their grain harvest due to the lack of demand for it, Georgia has introduced a temporary duty on the import of flour, barley and bran since the summer of 2023. Initially, it was valid until November 1, 2023. The term has already been extended twice - first until March 1, and the second time until September 1, 2024. In their opinion, this will facilitate the long-term outlook, including for those who store wheat, so that after September they can steadily consider the issue of deliveries to mills. According to the government decree, imports of more than 200 kilograms of wheat flour were taxed at 0.2 GEL per kilogram. In October 2023, it was increased by 25%, that ...