Bun and pasta start to get more expensive in Brazil

Published 2022년 3월 14일

Tridge summary

The Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes (Abimapi) has announced that consumers should expect an increase in the prices of various products due to the war between Russia and Ukraine, which has disrupted around 30% of the world's wheat exports. The price surge is already impacting manufacturers and is expected to affect the production values for products like pasta and biscuits, where wheat makes up a significant portion of the cost. As Brazil produces less than half of the wheat it consumes, it relies heavily on imports, primarily from Mercosur countries. The price adjustments are expected to be gradual as the industries buy new crops and finish products vary in stock levels from company to company.

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

Original content

The Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes (Abimapi) confirmed, through a note, that the prices of products should rise in the coming weeks, without a date forecast and how much the increase will be. As a result of the war between Russia and Ukraine, shipments from the two countries, which account for 30% of world wheat exports, are suspended. READ ALSO: Wheat mills in Ceará suspend purchases due to “crazy fluctuation” in prices “The skyrocketing price of wheat is beginning to be felt by manufacturers in negotiations with suppliers, but there is the delivery of flour committed in old contracts. What can be said is that there will be price readjustments in the coming weeks, but with the horizon indefinite, since with each news of the war, the price of wheat on the international market fluctuates up or down with expressive values”, informs the entity in a press release. High wheat prices should reflect on bread and pasta in the coming weeks (Photo: ...

Source: Agroinforme