Wheat imports to Georgia fell by 43.7%, while flour rose to a record level

Published 2022년 10월 21일

Tridge summary

From January to September 2022, Georgia's wheat and meslin imports dropped by 43.7% compared to the same period in 2021, totaling 105,012 tons valued at $38.2 million, with 92% of the supply coming from Russia. On the other hand, flour imports experienced a significant surge, increasing by 704.8% in volume and 922.5% in value compared to the previous year, with Russia contributing to 99% of these imports. The article also highlights the challenges local wheat, flour, and bread producers face due to a tariff on wheat exports and zero tax on flour imports, which has led to large mills in Georgia halting wheat processing and importing in response to fluctuating wheat prices and export duties.

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

Original content

In January-September 2022, 105,012 tons of wheat and meslin worth $38.2 million were imported into Georgia. According to official statistics, the total amount of wheat purchased by the country during this period last year was 283,000 tons, and in 2020 - 368,665 tons. That is, the cost of imported wheat this year decreased by 43.7% compared to the data for the first nine months of 2021. Russia remains the main import market for wheat, and therefore the rate of purchases is significantly reduced compared to the previous period. Russia accounts for 92% of all wheat purchased by Georgia. Since June wheat has been imported to Georgia only from Russia. The ranking of wheat import markets is as follows: Russia - $35.7 million, 96,624 tons; Kazakhstan - $1.3 million, 3,703 tons; Armenia - 714 thousand dollars, 3,569 tons. In contrast to wheat imports, flour purchases increased significantly between January and September. For nine months, 132,240 tons of flour worth $50.1 million were ...

Source: Zol