Import market for Wheat in Iran (6월, 2022)

Georgia has halted exports of wheat and barley until July 1, 2023, due to the ongoing Ukraine conflict and the potential global food crisis. The country's prime minister has signed a decree imposing the export ban, affecting shipments to Iraq and Iran, which are the main recipients of Georgia's barley. The country faces a domestically low barley production of 60 thousand tons this year, contrasting with its annual consumption of 700-800 thousand tons of wheat, 90% of which is imported. The conflict's impact on grain export capabilities, especially with the blockade of Ukrainian ports, is exacerbating concerns of a global food crisis. Countries like India are seeking to expand import options, and China is stepping in by increasing exports of US corn and soybeans.