Brazil: Cookies and pasta industry is expected to grow in 2021 despite higher wheat costs

Published 2021년 3월 16일

Tridge summary

The Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes Industries (Abimapi) predicts that the wheat flour products industry will experience a sales growth of 3% to 5% and a sales volume growth of 2% in 2021. This growth is attributed to the increase in home consumption during the Covid-19 pandemic, as people continue to eat out less due to safety concerns. Despite rising cereal costs, these products remain affordable and are prioritized by the population. However, the first two months of 2021 saw a dip in sales, attributed to a lack of emergency aid leading to reduced purchasing power, but sales are expected to recover in April with the potential return of government financial aid.

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

Original content

The wheat flour products industry expects to grow 3% to 5% in sales and 2% in sales volume this year, despite the increase in cereal costs, supported again by consumption at home in the midst of the Covid pandemic. -19, estimated this Tuesday the association of the Abimapi sector. "Even with the gradual loosening of social distance measures, people still feel insecure to return to consumption outside the home," said in a note the president of the Brazilian Association of Biscuit, Pasta and Industrialized Bread & Cakes Industries (Abimapi) , Claudio Zanão. He stated that, in addition, the products in the category are relatively inexpensive, belonging to the basic food basket, and the population is less capitalized, reviewing their consumption priorities. This contributes, for example, to the increase in sales of pasta such as pasta. According to the organization, ...

Source: NoticiasAgricolas