An algorithm for normalizing the situation on the wheat and flour market was proposed to the Government of Georgia

Published 2023년 3월 17일

Tridge summary

The Association of Wheat and Flour Producers of Georgia has presented a set of measures to the government aimed at preventing a rise in bread prices. The measures include a tax on flour import, fixed prices for popular bread types, guaranteed grain purchase from local farmers, and creating 2-month grain reserves. The association believes these measures will benefit all parties by creating a competitive environment, ensuring bread affordability, saving jobs, securing local grain crop sales, and contributing to budget revenue growth. This follows the halt of all flour mills in the republic due to increased imported wheat costs.

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Original content

The Association of Wheat and Flour Producers of Georgia has proposed a set of measures to the government of the republic, the adoption of which will prevent the rise in prices for bread and which will be acceptable both for the government and for Georgian farmers, flour mills and the bakery industry, Business Georgia reports. In particular, the package of proposals provides for the introduction of a tax on the import of flour, which will equalize the cost of importing flour and wheat. According to the association, thanks to this measure, it will again be more profitable for businesses to buy grain for processing than finished flour. “Now flour is cheaper, because due to the introduction of export tariffs by Russia, it is not profitable to buy grain and process it at flour mills today,” the report says. Other proposed measures include the introduction of fixed prices for the most popular types of bread, guaranteed purchase of grain from local farmers, as well as ensuring the ...

Source: Zol