Georgia may extend duties on flour and barley from Russia

Published 2024년 7월 28일

Tridge summary

The Georgian Grain and Flour Producers Association has called on the government to extend the temporary import duty on flour, barley, and bran from Russia to aid local farmers and stabilize the grain market. Initially implemented in summer 2023 and extended twice, the duty has generated 35 million lari for the budget and helped local mills resume operations by restoring competitive conditions between flour and wheat imports. The duty, which addresses low demand for Georgian grain, is expected to remain in place beyond September 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

If the duty is extended, this will make it easier in the long term, including for those who store wheat, a representative of grain producers said The Georgian Grain and Flour Producers Association called on the government to extend the temporary duty on imports of flour, barley and bran from Russia, said Levan Silagava, executive director of the Association, on the BMG media platform. In order to support Georgian farmers who have problems selling their grain harvest due to a lack of demand for it, Georgia has introduced a temporary import duty on flour, barley and bran from the summer of 2023. Initially, it was valid until November 1, 2023. The validity period has already been extended twice - first until March 1, 2024, and the second time until September 1, 2024. According to him, if the duty is extended, this will make it easier in the long term, including for those who store wheat, so that after September they can stably consider the issue of supplies to mills. “According to ...
Source: Zol

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