Georgia names alternatives to Russian wheat

Published 2024년 10월 15일

Tridge summary

Georgia has alternative markets to replace Russia for wheat supplies, including Kazakhstan, Ukraine, and several EU countries, according to the national Association of Grain and Flour Producers. This is due to concerns over Russia's supply, which currently accounts for 97 percent of Georgia's total imports. However, the potential closure of Georgian mills due to high costs remains a issue. Despite these challenges, Georgia is expecting a record harvest this year, with up to 200 thousand tons of wheat, an increase of nearly 20 percent from the previous year.

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

Original content

If there are any problems with wheat supplies from Russia, Georgia can very quickly switch to alternative markets. As reported by Sputik Georgia, such a statement was made on the air of the BMG media platform by the executive director of the national Association of Grain and Flour Producers, Levan Silagava. He named Kazakhstan, Ukraine, and a number of EU countries, including Bulgaria, Hungary, and Romania, as examples of such exporters. “We can very quickly replace the market, because the markets are open,” the expert noted. At the same time, the head of the Association did not specify what reasons there are today to fear a decrease or cessation of supplies of this crop from Russia. Silagava also fears a new closure of mills in Georgia. This first happened in the summer of 2021 after Russia introduced a floating duty mechanism on grain exports. In response to this measure, Georgia was forced to increase flour imports from Russia several times. In this regard, wheat imports ...

Source: Rosng