Wheat price falls internationally: Will products that use this input fall?

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 and noodles, they point out. The price of wheat has decreased this year in international markets. It began 2023 above 365.9 dollars per ton and, until September, it has registered a value of 270.6 dollars per ton, according to the Central Reserve Bank of Peru (BCRP). 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 and noodles, according to professor and researcher at ...