BAKU, Azerbaijan, Mar. 2
By Maryana Akhmedova – Trend:
Georgia’s Agro-Com is in talks to replace wheat imports from Russia, the director of the company, said, Trend reports via Georgian media.
According to the director, due to the economic sanctions imposed on Russia, the company is currently negotiating with wheat-exporting countries, such as Hungary, Romania, France, Germany, and others.
“The process of wheat imports replacement may take about 2-3 weeks. However, Georgia still has a month of wheat supply,” the source said.
It was hard to diversify the imports because Russia’s wheat is suitable for Georgia in terms of pricing. Although wheat prices may increase, it will not be a big blow to the market, the source noted.
Meanwhile, Georgia’s wheat imports from Russia in January 2022 amounted to 11,396 tons worth $3.5 million. However, wheat imports from Russia decreased year-on-year, both in value (by 22.2 percent, compared to $4.5 million in January 2021), and volume (by 37.8 percent, compared to 18,349 tons in January 2021).
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