News

Georgian farmers do not want to sell wheat at low prices

Wheat
Published Jan 10, 2024

Tridge summary

Georgian farmers have over 70 thousand tons of wheat reserves but are reluctant to sell due to low market prices, leading to storage issues and financial strain. The low price of grain on the international market has affected the formation of the price of wheat on the domestic market, making it difficult for farmers to sell their wheat reserves. Import duties on flour and fluctuations in the export duty on wheat from Russia have also contributed to production crises for flour mills in Georgia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Most of the reserves are suitable for fodder, and only 20% is grain for bread, but it was not possible to sell it either, said the head of the Association Georgian farmers hold reserves of more than 70 thousand tons of wheat, which they are reluctant to sell to mills due to the low cost of grain, said Nikoloz Beniaidze, chairman of the Georgian Grain Producers Association. According to grain producers, due to increased production costs, the price of wheat cannot even cover its cost. After the introduction of customs duties on flour imported into Georgia, it was expected that mills would purchase wheat for 70 tetri per 1 kilogram, although at this stage the cost is in the range of 50-55 tetri. Farmers say that under such conditions, local production will decrease and quality will decline. According to him, most of these reserves are suitable for fodder, and only 20% are grain for bread, but they could not sell that either. “The reason for this is that the agreement reached between ...
Source: Zol
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.