Georgia introduces a duty on flour imports

Published 2023년 6월 5일

Tridge summary

Starting June 10, Georgia will impose a duty on flour imports to safeguard local wheat producers, who are currently facing challenges as their produce remains unsold due to the closure of flour mills. This situation arose after Russia's imposition of a duty on wheat in 2021, leading to a surge in flour imports. The new duty aims to stimulate the demand for local wheat and encourage farmers to boost production. Local bakers have pledged to use only locally sourced wheat, despite higher costs, to support local farmers and maintain the price of bread for consumers. The duty is expected to propel the country towards more self-sufficiency in grain and generate revenues for the state treasury.

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

Original content

From June 10, Georgia introduces a duty on the import of flour, Khabar 24 reports. This was preceded by numerous actions of Georgian farmers who still cannot sell last year's wheat - flour mills do not work. The main grain importer for Georgia, Russia, introduced a duty on wheat in 2021, which immediately affected the price. But the bias towards cheap flour created a number of serious problems in Georgia at once, the solution of which is now being sought by the authorities. From June 10, Georgia introduces a duty on imported flour. The fact is that in recent years, due to the difference in price, the country began to massively import flour, and not wheat. As a result, flour mills stopped in Georgia, and local farmers still have about 40 tons of last year's wheat in their barns. Levan Silagava, Spanish Director of the Grain and Flour Producers Association of Georgia: - Georgia introduced a duty on flour imports for a period of 5 months in order to protect local wheat producers. Now ...

Source: Zol