Georgia may extend duties on flour and barley from Russia

Published 2024년 7월 29일

Tridge summary

The Georgian Grain and Flour Producers Association has urged the government to extend the temporary import duty on flour, barley, and bran from Russia to support local farmers and stabilize the market. Initially introduced in June 2023 and extended twice, this duty has balanced tariffs on imported wheat, ensuring competitive conditions for local mills, generated significant revenue, and stabilized bread prices. The government is expected to maintain the duty, which has been essential in addressing production crises caused by fluctuating export duties from Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

If the duty is extended, it will ease the long-term situation, including for those who store wheat, a grain producer representative said. The Georgian Grain and Flour Producers Association has called on the government to extend the temporary duty on imports of flour, barley and bran from Russia, Levan Silagava, the Association’s executive director, said on the BMG media platform. In order to support Georgian farmers who have had problems selling their grain harvest due to lack of demand, Georgia introduced a temporary duty on imports of flour, barley and bran in the summer of 2023. Initially, it was in effect until November 1, 2023. It has been extended twice – first until March 1, 2024, and again until September 1, 2024. “We have raised the issue with the Ministry of Agriculture to extend the duty valid until September 1. This duty is a tax on imports of flour, barley and bran, which effectively balances the floating tariffs on imported wheat and puts the plants in a competitive ...

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