Russian Wheat Floods Georgian Markets Amid Ukraine War

Georgia's wheat imports are dominated by Russian wheat this year, largely due to its competitive prices. Russia waived export duties on wheat until December 31, 2026, which could further lower prices.

The decision aims to support Russian producers and exporters amid the restructuring of export logistics, according to Russia's Agriculture Ministry. However, many observers link the move to the war in Ukraine, as Ukrainian strikes have disrupted shipments through the Black Sea.

Russian companies are converting terminals at Baltic and Arctic ports to accommodate grain exports, but this alternative route will require time and resources. As a result, Russian exporters are seeking to move as much grain as possible while bypassing Black Sea port logistics.