The Georgian Bakers’ Association has stated that bread prices are expected to remain stable in the near term. According to the association’s head, Malhaz Dolidze, there are currently no expected changes in the prices of the components that make up bread, so the retail price should stay stable.
Regarding the possible rise in electricity costs, Dolidze noted that it is still unclear how this might affect bread prices, as most bakeries rely on gas, not electricity, for production.
Wheat stocks, a key factor in bread pricing, are sufficient, with about two months’ supply available. Farmers have stored some of this year’s crop due to unfavorable prices, which is expected to be released in March–April before the new harvest.
Main suppliers: Russia remains the primary wheat provider, while Kazakhstan’s exports to Georgia increased this year, aided by government subsidies for transport costs, making Kazakh wheat competitive.
Flour prices have been stable at around 58–60 GEL per bag. The heads of wheat and flour producers suggest monitoring a bread price index to track changes in component costs, ensuring transparency in any future price adjustments.
