Variation in the price of wheat affects the value of French bread in Brazil

Published Aug 12, 2023

Tridge summary

Recent fluctuations in the price of wheat on the foreign market have impacted the value of French bread in Brazil. The conflicts in Eastern Europe, specifically the Russian invasion of Ukraine, have contributed to instability in wheat prices globally. While the suspension of agreements between nations raised concerns about the global supply of wheat, Brazil has seen an increase in domestic production, helping to balance prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recent variations in the price of wheat on the foreign market have generated fluctuations in the value of the famous French bread, an irreplaceable food for breakfast for Brazilians. Currently, grain prices are influenced by events in Eastern Europe, mainly because Russia and Ukraine are the largest producers of the commodity for the global market. The history of the price of wheat in the country has suffered from fluctuations since the beginning of the conflict in Europe. At the end of 2022, Brazil recorded a reduction in values, after a significant increase of more than 30% in the previous year. This rise had been driven by instability in wheat prices on the international market, mainly after the Russian invasion of Ukraine. According to Fábio Pizzamiglio, director of Efficienza, a company specializing in foreign trade advice, says that grain prices will continue to fluctuate due to pressure from the foreign market, as “after events such as the current closure of agreements in ...
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