Tridge summary
The article provides an overview of the price trends for wheat, bread, and the producer price index in September 2024, compared to previous months and the same period in the previous year. It highlights a slight increase in the farm gate price index for wheat to 111 points, a slight decrease in the consumer price index for bread to 125 points, and an increase in the producer price index to 130 points. The rise in producer prices is attributed to increased production costs and the ongoing conflict between Russia and Ukraine. The article also discusses the factors influencing the stability of consumer and producer prices, such as contractual coverage of raw material supply and price risks by the industry. Additionally, it touches on the impact of weather conditions and international demand on wheat prices, explaining the downward trend since the end of May. Finally, it provides a brief description of the six links in the bread supply chain, from grain cultivation to consumption.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The farm gate price index for wheat rose to 111 points in September 2024. This is slightly higher than in July 2024 and almost two percent lower than in the same month last year. The consumer price index for bread and bread products reached 125 points in September 2024. This is a slight decrease of over one percent compared to July 2024 and the same month last year. The producer price index reached 130 points in September 2024 and was virtually unchanged compared to two months earlier. However, it is more than two percent higher than the price level of September 2023. Price development The consumer price index for bread reached 125 points in July. This is a slight decrease compared to the previous months when this price level was around 126 points, but still in line with the higher price level that has been around 125-127 points since the beginning of 2023. This is well above the price level of the previous years, when it was around 100-110 points. The producer price index reached ...
Source: AkkerbouwActueel
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