News

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

Wheat
Wheat Flour
Published Dec 11, 2021

Tridge summary

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.

Original content

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 products to countries such as Italy, Switzerland and France. These countries have had poor grain harvests this year, and global food supplies have declined as a result of the coronavirus crisis. Failure in the grain market threatens this year at a cost to the Swiss ...
Source: Agrosektor
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