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

Published 2024년 9월 2일

Tridge summary

The Georgian government has extended the temporary duty on imports of flour, barley, and bran from Russia until March 1, 2025, to support local farmers and maintain competition among mills. The duty, first introduced in summer 2023, balances floating tariffs on imported wheat and aims to stabilize the supply chain by allowing mills to consistently source wheat from stable suppliers. The duty is applied at varying rates depending on the product and import quantity. The decision was made following discussions with the Association of Grain and Flour Producers of Georgia, as Georgia's flour market relies heavily on imports from Russia, which has imposed floating duties on grain exports in the past, leading to disruptions in Georgia's flour milling industry.

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Original content

The duty effectively balances floating tariffs on imported wheat and puts mills in a competitive environment, experts say The Georgian government has extended the temporary duty on imports of flour, barley and bran from Russia until March 1, 2025. In order to support Georgian farmers who have problems with the realization of grain harvest due to lack of demand for it, a temporary duty on imports of flour, barley and bran has been introduced in Georgia since summer 2023. Initially it was valid until November 1, 2023. The term was extended twice – first until March 1, and the second time until September 1, 2024. The issue of extending the duty was raised by the Association of Grain and Flour Producers of Georgia, according to which the duty effectively balances the floating tariffs on imported wheat and puts mills in a competitive environment. In their opinion, this will make it easier in the long term, including for those who store wheat to be able to consider supplying mills in a ...

Source: UkrAgroConsult