Cereal prices and misinformation in Switzerland

Published 2022년 1월 7일

Tridge summary

The 2021 cereal harvest was challenging, resulting in low yields and large amounts of germinated grain, leading to a surge in grain prices exceeding 40% in the past year. Despite European prices rising, Switzerland has experienced stability through border protection, capping wheat prices at 56 fr./dt. Flour prices have risen between 5 to 10% due to various factors, including the drop in yield and increased production costs. Swiss cereal producers expect fair cost distribution and a justifiable price increase of 3 to 5 francs per 100 kg compared to the previous year. The price increase has a limited impact on the final price of bakery items, with a maximum increase of 1.5 ct per pound of semi-white bread.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The 2021 cereal harvest will be remembered as a difficult year, with very low yields and large amounts of germinated (therefore unsuitable for breadmaking). For producers, the effects on incomes will be substantial, both in Switzerland and in neighboring countries, tells us a press release from the Swiss Federation of Cereal Producers (FSPC). As a result, grain prices on the world market have risen by more than 40% in 12 months. In Switzerland, on the other hand, a certain stability is in order, in particular because the system of border protection reduces customs duties when import prices increase. Thus, even if European prices have increased in 12 months, the prices of imported wheat are currently at a high level which will not exceed 56 fr./dt. The Confederation has also reduced the customs duty by 4.40 francs on 1 October 2021 and an additional 7 fr./dt on 1 January 2022. Regarding the prices of flour, the main Swiss mills have communicated an increase of around 5 to 10% for ...

Source: Agrihebdo