It has been revealed how long the increase in the price of bread can last in Hungary

Published 2022년 11월 3일

Tridge summary

The Hungarian milling industry is expected to see continuing price increases in flour and other grain products, with each company determining its own pace of increase. Factors contributing to the price hikes include unpredictable grain prices, the forint-euro exchange rate, and energy prices, as many companies have had to renew their energy contracts at higher prices. Inflation also plays a role. However, the price increase of bread may be limited by purchasing power.

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

Original content

According to the general secretary of the Hungarian Grain Processors, Feed Manufacturers and Traders Association, the Hungarian milling industry does not plan a uniform price increase, as each company decides to what extent and at what pace it will increase its prices. At the same time, he is sure that prices have been rising continuously since the harvest. It is impossible to know whether there will be a further price increase, as grain prices are quite hectic this year Zsófia Pótsa pointed out. According to the Agricultural Sector, the situation can easily change, because it is enough to think about the tension that has appeared in the Ukrainian grain transport in the past few days. The general secretary also emphasized that the development of the forint-euro exchange rate is also an important factor for flour prices, however, the forint, which has become more stable in recent days, pushed grain prices down a little. At the same time, energy prices also play a major role in the ...

Source: Index