Russian bread will not stand up to the price, bakers fear a rise in prices for products by 20%

Published 2021년 10월 19일

Tridge summary

The Nizhny Novgorod region in Russia achieved self-sufficiency in feed and food grains in 2021, despite a 20% drop in harvest volumes due to drought and wind damage. The region's Ministry of Agriculture expects grain, flour, and bread prices to remain within inflation, with subsidies provided to flour mills and bakeries to offset production costs. However, industry experts warn that bread prices could rise by 15-20% due to increasing costs of related goods and services. The region plans to allocate 1.1 billion rubles to support crop production and has so far exported only a small amount of wheat. There are concerns about the potential impact of increasing pig breeding on grain supplies, but efforts are being made to regulate prices and subsidies to prevent significant increases.

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Original content

The Nizhny Novgorod region was fully self-sufficient in feed and food grains in 2021, despite the fact that, compared to the previous year's record, harvest volumes fell by 20%. Nevertheless, they say in the regional Ministry of Agriculture, they remained within the average annual values. The ministry sees no reason for a sharp rise in prices for grain, flour and bread, believing that they will be within inflation. Industry experts, on the contrary, admit that bread prices may rise by 15–20%, since a large number of related goods and services are becoming more expensive. As Kommersant-Volga previously wrote, at the end of September in the Nizhny Novgorod region the governor introduced an emergency situation due to crop failure caused by dry winds, soil and atmospheric droughts. Cereals, legumes and oilseeds, as well as potatoes and vegetables were particularly affected. The Ministry of Agriculture is assessing the damage and intends to mobilize farmers to compensate for the ...

Source: Zol