Georgia has enough stocks of wheat flour - Ministry of Agriculture

https://sputnik-georgia.ru/20220513/v-gruzii-dostatochno-pshenichnoy-muki—minselkhoz-266630519.html

Georgia has enough stocks of wheat flour – Ministry of Agriculture

Georgia has enough stocks of wheat flour – Ministry of Agriculture

In a month and a half – two months, local wheat harvesting will begin in Georgia 05/13/2022, Sputnik Georgia

2022-05-13T18:43+0400

2022-05-13T18:43+0400

2022-05-13T18:43+0400

Georgia

news

economy

levan silagava

corn

bread

/html/head/meta[@name=”og:title”]/@content

/html/head/meta[@name=”og:description”]/@content

https://cdnn1.img.sputnik-georgia.com/img/22945/47/229454716_0:247:2765:1802_1920x0_80_0_0_5e46ebc5c14bc2701ecceebc3ff61c33.jpg

TBILISI, May 13 – Sputnik. There are no problems with stocks of wheat flour in Georgia, the country buys it at a low price, Deputy Minister of Agriculture Giorgi Khanishvili said. Earlier it became known that stocks of wheat are running out in Georgia. Levan Silagava, executive director of the Wheat and Flour Producers Association, told journalists about this. According to him, in about a month and a half to two months, the local harvest will begin. A new season is already starting all over the world, which falls on July-August. “And this, of course, leads to the development of a new pricing policy,” Khanishvili noted. During the year, Georgia consumes 700-800 thousand tons of wheat. Hence, only 10% of the grain is locally produced. The rest the country imports from Russia, Kazakhstan, Ukraine and the USA. Russia accounts for 70% of this grain import. Its cost was the most profitable for Georgia. The price of wheat on international markets began to grow from the summer of 2021. Therefore, it was unprofitable for Georgian flour mills to process wheat and produce flour locally. Difficult times for Georgian millers came after Russia introduced a floating duty mechanism for grain exports in June 2021. Therefore, Georgia increased its flour imports from the Russian Federation several times, since no export duty is charged on this product, respectively, reducing wheat imports by more than 30% last year.

Sputnik Georgia

[email protected]

+74956456601

MIA “Rosiya Segodnya”

2022

Sputnik Georgia

[email protected]

+74956456601

MIA “Rosiya Segodnya”

News

en_GE

Sputnik Georgia

[email protected]

+74956456601

MIA “Rosiya Segodnya”

https://cdnn1.img.sputnik-georgia.com/img/22945/47/229454716_16:0:2747:2048_1920x0_80_0_0_6e582b7caf763b7447573517c2e3fd4b.jpg

Sputnik Georgia

[email protected]

+74956456601

MIA “Rosiya Segodnya”

Sputnik Georgia

[email protected]

+74956456601

MIA “Rosiya Segodnya”

georgia, news, economy, levan silagava, grain, bread

subscribe to

Telegram

In a month and a half to two months, local wheat harvesting will begin in Georgia

TBILISI, May 13 – Sputnik. There are no problems with stocks of wheat flour in Georgia, the country buys it at a low price, Deputy Minister of Agriculture Giorgi Khanishvili said.

Earlier it became known that stocks of wheat are running out in Georgia. Levan Silagava, executive director of the Wheat and Flour Producers Association, told journalists about this.

“At the same time, both cannot be. Wheat will not be milled if there is cheap flour on the market. This is motivated by the fact that the population receives the cheapest flour that can be on the world market. Therefore, in terms of stocks, of course, there are no problems , today there are stocks of flour, not wheat,” Khanishvili said.

According to him, in about one and a half to two months, the local harvest will begin. The new season, which falls on July-August, is already starting all over the world.

“And this, of course, leads to the development of a new pricing policy,” Khanishvili said.

During the year, Georgia consumes 700-800 thousand tons of wheat. Hence, only 10% of the grain is locally produced. The rest the country imports from Russia, Kazakhstan, Ukraine and the USA. Russia accounts for 70% of this grain import. Its cost was the most profitable for Georgia.

The price of wheat on international markets began to rise from the summer of 2021. Therefore, it was unprofitable for Georgian mills to process wheat and produce flour locally.

Difficult times have come for Georgian flour millers after Russia introduced a floating duty mechanism for grain exports in June 2021. Therefore, Georgia increased its flour imports from the Russian Federation several times, since no export duty is charged on this product, respectively, reducing wheat imports by more than 30% last year.

Source

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more