The price of Russian wheat continues to decrease. The Russian export price is $240 per ton, the minimum of which was recorded in mid-July, when the FOB price was $230. The Union of Grain Producers expects the export price of Russian grain to fall to this minimum again.
The import price of wheat has been reduced by $30 per ton in the last 3 months in Georgia as well. In June, Georgia bought 9,887 tons of wheat worth $2,560 million from Russia, the average price per ton was $258, in July - 25,446 tons worth $5,914 million (average price - $232 per ton), in August - 26,363 tons worth $5,989 million (average cost - $228 per ton).
As for the overall indicator, this year in January-August, Georgia bought 117,907 tons of wheat worth 32.04 million US dollars from Russia.
As for the complete data, in 8 months of the current year, Georgia bought 119,456 tons of wheat worth 32.6 million US dollars, and in the same period last year, 85,326 tons of wheat worth 30.7 million US dollars.
The increase in the import of Russian wheat was due to the imposition of a new regulation on flour in Georgia.
On June 12, a temporary import fee was imposed on the import of flour in Georgia, which will be valid for 5 months.
As a result, the import of flour to Georgia has decreased. In January-August 2022, 119,376 tons of wheat and rye flour worth 45.2 million US dollars were imported, and this year, 104,980 tons worth 29.3 million US dollars.
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