Price of wheat falls internationally; Will the value of products in Peru decrease?

Published 2023년 10월 14일

Tridge summary

The prices of food and non-alcoholic beverages in Peru have increased by 6.29% so far this year, according to a report from the National Institute of Statistics and Informatics. Despite the decrease in the international price of wheat due to an agreement between Russia and Ukraine, the prices of products made with wheat, such as bread, have not dropped significantly. This is because other inputs required for bread preparation, such as oil, have not decreased and companies may choose not to lower prices even if global prices decrease. Additionally, the impact of the global El Niño Phenomenon on agricultural production could lead to further increases in food prices and inflation.

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

Original content

09:15 | Lima, Oct. 14. By Gianmarco Delgado Sánchez On the other hand, the report from the National Institute of Statistics and Informatics (INEI) as of September 2023 indicates that the prices of food and non-alcoholic beverages have registered an increase of 6.29% so far this year. -Price of lemon sells for less than S/ 4.00 per kilo in the wholesale market of Lima In this context, it is worth wondering if the prices of products prepared with wheat, such as bread, will drop. The real situation is that there has not been a greater drop in prices because there has not been a decrease in other inputs required for the preparation of bread, noodles, etc., according to the professor and researcher at the University of the Pacific, Angie Higuchi. "Realize that oil is not going down and that is something that also contributes. Basically everything that is fuel, fertilizers, freight costs still remain high," he points out in dialogue with the Andina Agency. Higuchi explains that the fall ...

Source: Andina