Price of wheat falls internationally, will the value of products in Peru decrease?

Published 2023년 10월 17일

Tridge summary

The international price of wheat has decreased due to a pact between Russia and Ukraine that increased grain exports. However, the price of products made with wheat, such as bread, has not dropped significantly because other input costs, such as oil and transportation, remain high. The global El Niño Phenomenon is expected to have a significant impact on agricultural production and increase inflation if mitigation efforts are not taken.

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

Original content

(Agraria.pe) The price of wheat in international markets has decreased during 2023. It began the year above US$ 365.9 per ton and, until September, it has registered a value of US$ 270.6 per ton, according to the Central Reserve Bank (BCR). On the other hand, the report from the National Institute of Statistics and Informatics (INEI) as of September 2023 indicates that the prices of food and non-alcoholic beverages have registered an increase of 6.29% so far this year. In this context, it is worth asking whether the prices of products prepared with wheat, such as bread, will drop. The real situation is that there has not been a greater drop in prices because there has not been a decrease in other inputs required for the preparation of bread, noodles, etc., according to the professor and researcher at the Universidad del Pacífico, Angie Higuchi. "Realize that oil is not going down and that is something that also contributes. Basically everything that is fuel, fertilizers, freight ...

Source: Agraria