Will bread prices rise in Georgia?

There are sufficient reserves (of wheat - ed.), and the import of flour, although in smaller quantities, continues, the minister said There is no reason to think about increasing bread prices in Georgia, head of the Ministry of Agriculture Otar Shamugia said at a briefing after the government meeting. In order to support Georgian farmers who have problems selling their grain harvest due to a lack of demand for it, the government introduced a temporary duty on the import of wheat flour until March 1, 2024. The decision was made on the condition that the sector does not allow the price of bread to rise. “There are sufficient reserves (of wheat – ed.), and flour is being imported. In smaller quantities, but continues. There is no reason to think about increasing bread prices,” Shamugia said. Shamugia recalled that the introduction of a duty on flour imports is aimed at stimulating local grain production, as well as promoting the work of flour mills in the country. According to the ...