Flour prices are forecast to rise sharply in the UK

Published 2020년 8월 27일

Tridge summary

The UK is facing a significant increase in the prices of wheat flour and bread products due to its lowest wheat harvest in 40 years. The country's reliance on domestic grain production, which accounts for about 85% of the raw material base for UK flour mills, has led to a severe shortage of wheat. Some millers have already raised the selling prices for flour by approximately 10%. The situation may worsen if the UK fails to secure a trade agreement with the EU, resulting in the imposition of an import duty on wheat, further driving up the prices of processed products.

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Original content

In the UK, prices for wheat flour and, accordingly, bread products are forecast to rise sharply due to the country's lowest wheat harvest in 40 years, BBC News reported. As specified, the share of domestic grain production is about 85% in the raw material base of UK flour mills, and due to a sharp decline in harvest in this sector, there is already a significant shortage of wheat. In this regard, some British millers have already increased the selling prices for flour by about 10%. The situation could be further aggravated if the UK fails to conclude a trade agreement with the EU. The ...

Source: Zol