Bread is more expensive, wheat price is stabilizing in Netherlands

Published 2022년 9월 16일

Tridge summary

The article provides an overview of the significant increase in wheat prices and the impact on the bread industry. In July 2022, the farm-gate wheat price index was 61% higher than the previous year, largely due to high global demand, limited stocks, and production challenges in key exporting countries like Ukraine and Russia. This situation has caused bread and bread product prices to rise, with consumer prices increasing by 9% year-over-year. The article also discusses the effects of energy prices on logistics and production costs, as well as the potential impact of limited fertilizer availability on sowing and yield expectations. The global grain production forecast is revised downward due to drought and war, leading to an uncertain and volatile market situation.

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

Original content

The farm-gate wheat price index was 236 points in July, equal to two months earlier and 61 percent higher than in July 2021. The consumer price index of bread in July 2022 reached 114 points (2015=100), 2 percent higher than two months before and 9 percent higher than in July 2021. The selling prices of bread and bread products manufacturers have risen to 114 in the past two months. points, 2 percent higher than in July and 7 percent higher than a year earlier. Price development The price of bread has been stable for the past three years. This is because the industry hedges the supply of raw materials and the associated price risks with contracts. Consumer and producer prices are therefore not very sensitive to changing producer prices in the short term. However, this has changed significantly since early 2022. The consumer price index of bread in July 2022 was 114 points (2015=100), 2% higher than two months before and 9% higher than in July 2021. Due to rising raw material and ...

Source: AkkerbouwActueel