Flour will be more expensive in Hungary

According to MTI's report, Zoltán Lakatos, President and CEO of Hajdú Gabona Zrt., Told the World Economy, tons of good quality wheat, but the current flour mills cover only 56 thousand forints of wheat. Because bread grain has been more expensive for months, mills are forced to raise prices by 7 to 10 percent. 75-80 percent of the purchase price of flour goes to the purchase price of wheat. Without a price increase, the industry would not be able to withstand this year, and if wheat continues to rise in price, another flour increase could follow around April. The planned increase in the transfer prices of the milling industry is no more than HUF 6-7 per kilogram, Zoltán Lakatos added. Of course, this will be a greater burden on consumer prices. According to the CEO, the low profitability of the milling industry is partly due to price competition resulting from low capacity utilization. Although concentration in the industry has continued in recent years, capacity utilization is ...