Georgian Bakers’ Association reported that bread prices in Georgia are expected to remain unchanged in the coming months, which points to stable input costs and sufficient wheat supplies as main factors supporting price stability.
Association head Malhaz Dolidze said there are currently no price increases in the main components used in bread production, leaving no grounds for adjustments at the retail level. Flour prices, one of the most critical inputs, have remained steady at around 58–60 GEL per bag.
Wheat availability is also described as adequate. Stocks are estimated to cover roughly two months of demand. Part of this year’s harvest has been withheld by farmers due to unfavorable market prices but these volumes are expected to enter the market in March–April, ahead of the new harvest, helping to maintain supply balance.
Russia continues to be Georgia’s main source of imported wheat while shipments from Kazakhstan have risen this year. The increase in Kazakh exports has been supported by government subsidies covering transportation costs, making Kazakh wheat more competitive on the Georgian market.
Commenting on potential electricity tariff increases, Dolidze said their impact on bread prices remains uncertain as most bakeries rely primarily on natural gas rather than electricity in the production process.
Producers of wheat and flour have suggested introducing a bread price index to monitor changes in input costs more transparently and provide a clear basis for any future price adjustments if market conditions shift.
