Hungary: Drastic price increases are coming in bakeries

Published 2021년 11월 16일

Tridge summary

The price of bread in Hungary is increasing due to rising costs of raw materials, wages, and transportation. The price of flour, a key factor, is rising due to farmers storing it and monitoring market conditions. Additionally, farmers are facing increasing costs of fertilizers and pesticides, as well as wages and transport costs. These increased costs are reflected in the price of bakery products, with the price of wheat at a nine-year high. Mills are increasing the transfer price of flour by 40%, leading to an overall price increase of 10-15% for bakery products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the increase in raw materials, wages and transportation costs, the price of bread in Hungary is constantly increasing. As Ferenc Varga, a member of the Csongrád-Csanád county presidency of the Hungarian Bakers' Association, explained, there was now a price increase, the wholesale price of bread is around 350-400 forints. Since a kilo of bread is made from 75 deca flours, the price of the flour is a determining factor - you can read on the Delmagyar.hu website. - said Ferenc Varga, who is also the head of the Varga Bakery in Mórahalom and Áásotthalom. According to the expert, the good question is why the price of flour is rising. Farmers and mills grind in a team. Farmers have become very strong, they have built huge reservoirs, for which there have been plenty of good EU tenders, and they are storing the flour smartly. They are not forced to sell right away, but store and monitor market conditions. I can’t do that because the bread can’t be stored. Farmers have been in a ...
Source: Agrarszektor

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