Bread increases its price again today in Argentina

Published 2022년 11월 7일

Tridge summary

The Bakers' Industrial Center in Argentina has announced a significant increase in the price of bread due to rising costs of flour and other raw materials. The price of a kilo of bread will increase from $360 to $430 immediately, with an anticipated rise to $500 in December. The cost of Pan Dulce is expected to reach $3,500. The rise in prices is attributed to increased costs of unsubsidized flour and fuel for logistics. The government's new pricing for flour at the mill exit under the Argentine Wheat Stabilizer Fund has seen prices rise by almost 4%.

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

Original content

Last Friday, the Bakers' Industrial Center defined the new price list that is in force as of today as a reference for bakeries throughout the country. There was a strong impact due to the rise in the price of a bag of flour to $100, but also in the rest of the raw materials, fuels and machine spare parts. With this reference, the kilo of bread increases from today to $430 from the previous $360. In December, the expectation of the bakers is that the kilo will reach $500 with an impact on the rest of the products. This is the case of Pan Dulce, which, they estimate, will not be able to sell below $3,500. Gastón Mora, president of the Avellaneda Bakers Center, clarified on Friday that currently a kilo of bread ranges from $340 to $380: We said that, if this situation continued, in December we would have a bag of flour for $4,000 and, currently, we have a bag of flour that went up to $3,100. We had an increase in flour that is not subsidized and will end up affecting the bakeries. ...

Source: Mdzol