Tridge summary
Ukraine and Russia's export ban on wheat has prompted the Czech Republic to limit its exports to prevent bread price hikes. Despite this, the Czech Ministry of Agriculture acknowledges that this measure will only temporarily and slightly mitigate the problem. Wheat prices in the Czech Republic have doubled from last year, reaching 11.5 thousand kroons per ton. As a result, countries reliant on Russian grain are seeking alternatives, including the Czech Republic. The rise in raw material and energy costs has led to increased bakery consumption, but so far, bread prices in the Czech Republic have been stabilized.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to IDNES, a complete ban on the export of wheat from Ukraine and Russia has led to the need in the Czech Republic to limit the export of wheat in order to minimize the risks of rising prices for bread. However, the Ministry of Agriculture of the Czech Republic believes that the regulation of the domestic market will not solve the problem, but will only reduce its scale somewhat, and for a short period of time. Currently, wheat is sold at a price of 11.5 thousand kroons per ton, which is twice as much as a year ago. Given the fact that a number of countries in Asia and Africa previously received grain from Russia, due to limited supplies, they have to quickly make adjustments to the supply chains by purchasing wheat ...
Source: Zol
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