Why does bread become more expensive and what are the benefits of social varieties - explains the head of the Ukrainian Agrarian Confederation

Published 2024년 12월 6일

Tridge summary

Over the past year from November 2023 to November 2024, the price of bread and bakery products in Ukraine has seen a significant increase by 14%. This is largely due to a doubling in the price of baking flour, higher logistics costs, and increased prices of electricity and gas. Other factors contributing to the price hike include rising wages, labor shortages, and consumer inflation. The head of the Ukrainian Agrarian Confederation, Pavlo Koval, does not support state regulation of bread prices and has concerns about the impact of social varieties of bread on the industry, leading to the need for businesses to increase prices on other products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the last 12 months, i.e. from November 2023 to November 2024, the price of bread and bakery products in Ukraine increased. Probably, in December, the price will increase by another percent. The head of the Ukrainian Agrarian Confederation, Pavlo Koval, spoke on the air of Public Radio about why bread is becoming more expensive. He called the increase in the price of bread and bakery products by 14% over the year high. However, according to him, there are several reasons for the increase in the price of bread. The first and most important is the increase in the price of baking flour. Compared to previous years, it has doubled in price. The increase in the cost of logistics also played a significant role in the increase in the price of bread. It is about inbound logistics, i.e. delivery of raw materials to bakers, and outbound — delivery of baked products to retail chains. Another factor is the increase in the price of electricity and gas, because bread and bakery products ...
Source: Agroconf

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