The Georgian government has decided to increase by 25% the temporary duty on imports of wheat flour to support local producers.
“In recent months, a tendency of flour import growth has been revealed, caused by unstable price formation, excessive harvest in the world. Taking this into account, we have decided to increase by 50 GEL (about $19.2) the import duty on [1 ton of] flour, which will total 250 GEL (about $96),” Deputy Minister of Agriculture of Georgia Tengiz Nasaridze said.
Additional duties were introduced on imports of barley and bran in the amount of GEL 100 (about $38.4) per 1 ton that will help local wheat producers to sell their products at acceptable prices.
The term of the additional duty on import of wheat flour will be extended until March 1, 2024.
