European bakers sound the alarm: Wheat crop failure caused flour shortage

Published 2021년 12월 4일

Tridge summary

The Austrian government has decided against implementing any protective measures, such as export restrictions, for cereals, including wheat, despite high prices. The Minister of Agriculture, Elisabeth Koestinger, stated that farmers should sell at the best price available. The Austrian Chamber of Agriculture also opposed the idea of halting exports, citing the need to maintain market activity. However, the decision has led to panic among bread and baked goods producers in Austria, as well as in countries like Italy, Switzerland, and France, which rely on Austria for grain supplies. The coronavirus crisis has further complicated global food supplies, leading to increased costs and profitability issues in the milling industry.

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Original content

Despite high prices for cereals, including wheat, the Austrian government has no plans to introduce protective measures, including restrictions on grain exports. This was announced by the Minister of Agriculture Elisabeth Koestinger. Farmers should sell their produce at the best price, according to the Kronen Zeitung. The Austrian Chamber of Agriculture rejected the demand to stop exports, "because it would restrict market activity unilaterally." For many years, representatives of the agricultural sector criticized the import of cheap food, but this was ignored. An honest partnership should "make sense for both parties, not just in those short periods when international price quotes are in favor of producers." Panic reigns among the bread and baked goods producers. Previously, large quantities of wheat were supplied to the market, so the bakers had a supply of raw materials. Now small parties, 1000 tons, are snapped up. Austria supplies large volumes of products to countries such ...

Source: Agroxxi