28.Oct .2020 10:15

If wheat price hits record high, the government will subsidize – Silagava

If wheat price hits record high, the government will subsidize – Silagava
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Wheat price reached its maximum level on the international market since July 2018. However, the price is increased by 55 USD per ton of wheat. Wheat importers in Georgia say prices are increased from $ 200 to $ 250 during this period.

On the background of wheat price rise, flour is increased in price as well.

According to the head of Georgian Flour Producers Association, flour price is 2 GEL up. However, the trend of the international market will be reflected on the flour price from November.

"If wheat price hits record high and it reflects on the bread cost, the government is ready to subsidize wheat price. The government used this tool in March, when wheat price reached 240 USD. It allowed us to balance the price. Thus it was not reflected on the bread price. The critical level is if the price on per ton of wheat will be maintained in the range of 250 USD,” said Levan Silagava.