Tridge summary
The bread industry in Mexico is seeking government support to offset the rising costs of raw materials, which are leading to increases in the price of bread. The National Chamber of the Bakery Industry (Canainpa) has noted that each company will determine its own price adjustments. So far this year, bread prices have already increased by 8-20%, with more hikes expected, as demonstrated by Bimbo's recent price increase.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The bread industry asks the government to support them with more measures to contain the upward adjustment that impacts the consumer, since the pressures on the prices of raw materials make more increases in the price of bread in Mexico practically inevitable. ALSO READ: Inflation: Eggs and potatoes with the highest increase despite PACIC However, the president of the National Chamber of the Bakery Industry (Canainpa), Luis Miguel Martínez, commented that each company will have to adjust its prices due to the increase in the cost of practically all the supplies necessary for the production of bread. "Each one in his trench will have to see what rise he will put on the products, on breads and cakes. That will depend on each businessman and he will have to see for himself. We have to wait to see what the government does, see the rises that they come and we hope they don't go ahead, that the government acts well so that bakers and pastry chefs don't have to increase prices so much," ...
Source: Informador
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