News

Wheat production decreased in Georgia

Published Apr 15, 2024

Tridge summary

In 2023, Georgia saw a 6.5% decline in wheat production, yielding 146.6 thousand tons from 56.7 thousand hectares, against its annual consumption of 700-800 thousand tons. The country, reliant on wheat imports from Kazakhstan, Ukraine, the US, and Russia, faced a crisis when increased Russian export duties led to a halt in Georgian flour milling operations in early 2023, echoing a similar situation from 2021. To combat this, the Georgian government implemented a temporary import tax on flour in June 2023, initially until November 1, later extended to March 1, 2024, with an increased duty rate. This move, aimed at equalizing the tax regimes for flour and wheat imports, successfully facilitated the resumption of production in the milling industry.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sown area of wheat in Georgia in 2023 amounted to 56.7 thousand hectares, and the average yield was 2.6 tons per hectare Wheat production in Georgia decreased by 6.5% in 2023, the National Statistics Service “Sakstat” reports. According to the agency, Georgia produced 146.6 thousand tons of wheat last year. Wheat production in Georgia in 2019-2023 The planted area of wheat in Georgia in 2023 was 56.7 thousand hectares, and the average yield was 2.6 tons per hectare. Georgia consumes 700-800 thousand tons of wheat during the year. In recent years, the country has been buying wheat from Kazakhstan, Ukraine, the United States and Russia, with the latter accounting for 70%, as the price was the most favorable. Difficult times With the increase in the export duty on wheat from Russia and the resulting increase in imports of flour, on which no export duty was levied, all mills in Georgia suspended production in the first quarter of 2023, as they did in 2021. As a result, barns were ...
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