The export of wheat and barley was banned in Georgia

Published Jun 29, 2022

Tridge summary

Georgia has halted exports of wheat and barley until July 1, 2023, due to the ongoing Ukraine conflict and the potential global food crisis. The country's prime minister has signed a decree imposing the export ban, affecting shipments to Iraq and Iran, which are the main recipients of Georgia's barley. The country faces a domestically low barley production of 60 thousand tons this year, contrasting with its annual consumption of 700-800 thousand tons of wheat, 90% of which is imported. The conflict's impact on grain export capabilities, especially with the blockade of Ukrainian ports, is exacerbating concerns of a global food crisis. Countries like India are seeking to expand import options, and China is stepping in by increasing exports of US corn and soybeans.

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

Original content

Since July 4, Georgia has stopped exporting wheat and barley amid the war in Ukraine and the threat of a food crisis. The government of Georgia has banned exports until June 1, 2023, the corresponding decree was signed by the country's prime minister. "In view of the globally created food security problems that arose as a result of the Russian-Ukrainian war, the export of wheat and barley from Georgia is prohibited until July 1, 2023, from July 4, 2022," the document says. Currently, Georgia exports barley mainly to Iraq and Iran. Since the beginning of the year, 2.5 thousand tons of this grain have been exported from the country, already this year the Ministry predicts the domestic production of barley at the level of only 60 thousand tons. Regarding wheat, the country consumes 700-800 thousand tons per year, of which only 10% is local production. We will remind you that due to the blocking of ports in Ukraine and the impossibility of exporting ...

Source: Landlord