There was a panic: Will bread and flour become more expensive in Russia?

Published 2024년 7월 31일

Tridge summary

Record flour exports and a surge in wholesale prices for raw materials have sparked concerns among bakers about potential price increases for bakery products. The cost of grain and other factors such as transport enterprises reducing tariffs, rising utility bills, wages, and production expenses have contributed to a significant rise in flour prices in Russia. This has led to cash flow issues for flour millers and fears of a significant increase in bread prices. The situation seems to be improving slightly, but prices remain at a high level.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The growing export of flour, which reached record levels last year, and the rise in wholesale prices for raw materials are worrying bakers. They threaten to increase prices for bakery products. Is flour actually becoming more expensive, what does an increase in its export mean, and what to expect from bread prices? Forbes found out. At the beginning of summer, after a series of frosts, grain prices rose in Russia and around the world, which gave farmers some reason to hope for higher prices. earnings. However, optimism in one sector turned into panic in another. Already in July, bread producers began to sound the alarm: according to them, the sharp rise in flour prices forced them to either significantly raise product prices or close factories altogether. Forbes' interlocutors say that the problem really exists and the cost of grain is only one of the factors influencing this. Flour prices in Russia have really risen sharply this summer, Forbes’ interlocutors say. “In some ...
Source: Zol

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