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Georgia has wheat, flour reserves sufficient for a month

Business-Economics
03.08.2022 / 13:16
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Georgia has reserves sufficient for a month or a bit more and needs to find new importers as major providers, Russia and Ukraine, are at war, Levan Silagava, Executive Director of the Georgian Wheat and Flour Producers Association says. 

 

Silagava stated  that although Georgia still receives Russian wheat on the basis of past contracts, Georgia will need to find new markets in the future, including European and Kazakh markets.

 

“If prices begin to fluctuate, the state government promised it would intervene through certain subsidy mechanisms,” Silagava said.

 

Russia and Ukraine account for about 30 percent of world wheat production.

 

Prior to the war, the main supplier of wheat to Georgia was the Russian Federation which imported 80-90 percent of wheat and flour.

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