Agriculture Minister of Chile rules out significant rise in bread cost due to escalation of war in Ukraine

"We have a very significant milling industry in Chile, the price of wheat and corn have been falling in recent months, so we estimate that there will be a limited impact, which is in one digit, and that it will not it should be more than that in the price of bread.” These were the statements by the Minister of Agriculture, Esteban Valenzuela, about the impact that Russia's decision to withdraw from the agreement that allowed the export of grains and cereals from Ukraine could have, in the context of the invasion of the European country. What would be, in addition to those mentioned above, other reasons for the Minister of Agriculture to make these statements? In the words of the head of the portfolio, in the country "we have a good supply of grains and, in addition, we have exchanges with Argentina, Paraguay, Canada and the United States, which, thanks to trade agreements, is fluid and available, especially with Argentina and Paraguay. Because it is the African countries that buy ...