European bakers sound the alarm; wheat crop failure caused flour shortage

Published Dec 10, 2021

Tridge summary

The Austrian government has decided against implementing any protective measures, such as export restrictions, for cereals, including wheat, despite high prices. This decision has been met with opposition from the Austrian Chamber of Agriculture, who argue that it would unfairly limit market activity. The lack of such measures has led to concerns in the bread and baked goods industry, where large supplies of wheat have been used up, leaving only small parties to purchase the grain. Austria supplies a significant amount of this grain to countries like Italy, Switzerland, and France, which have experienced poor harvests and increased costs, affecting industries such as Swiss millers and bakeries.

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

Original content

Despite high prices for cereals, including wheat, the Austrian government has no plans to introduce protective measures, including restrictions on grain exports. Agroxxi informs about it, referring to the statement of the Minister of Agriculture Elisabeth Koestinger. According to the information, the Austrian Chamber of Agriculture rejected the demand to stop exports, "because it would restrict market activity unilaterally." For many years, representatives of the agricultural sector criticized the import of cheap food, but this was ignored. An honest partnership should "make sense for both parties, not just in those short periods when international price quotes are in favor of producers." As noted in the message, now among the producers of bread and baked goods, panic reigns. Previously, large quantities of wheat were supplied to the market, so the bakers had a supply of raw materials. Now small parties, 1000 tons, are snapped up. Meanwhile, Austria supplies large volumes of ...

Source: Agrosektor