The situation in the bread and flour market in Russia is stable — Ministry of Agriculture

Production matches last year's level The situation in the bread and flour market in Russia is stable, the Ministry of Agriculture of the Russian Federation reported. "Production matches last year's level—over 5 million tons of bread and bakery products have been released from January to October," the statement said. Thus, as of November 1, wheat flour reserves at producers' warehouses amounted to 211.8 thousand tons, which is 28 thousand tons higher than the previous year's figure. "This volume fully meets the needs of the domestic bakery market, and the supply of flour exceeds the existing demand," the ministry emphasized. The ministry noted that the average cost of wheat flour for producers as of November 26 of this year was 26.2 rubles per kg, which is 1.5% lower than the figure at the beginning of the current year. "According to forecasts, in 2025, the grain harvest will exceed last year's and will amount to 135 million tons in net weight. This will have a stabilizing effect ...