By the end of the year, the price of bread in Ukraine may increase by another 10%

Published 2023년 10월 3일

Tridge summary

The Ukrainian bakery industry is facing challenges due to high prices and insufficient quantity of grade 2 wheat on the domestic market, according to the president of the All-Ukrainian Association of Bakers. This shortage is expected to lead to a 5-10% increase in the price of bread by the end of the year, along with rising prices of fuel and energy sources. The industry is hoping for an increase in the credit limit under the "5-7-9%" program to allow them to purchase wheat before its price rises further.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

the main problems of Ukrainian bakers at the moment are high prices for wheat of the 2nd class and its insufficient quantity on the domestic market. This was stated by the president of the All-Ukrainian Association of Bakers (VAP) and the director of Kyiv Bread LLC Yuriy Duchenko, Delo.ua reports. As the expert noted, it is already possible to say that by the end of the season, the Ukrainian bakery industry will not receive nearly 1 million tons of grade 2 wheat. "Accordingly, these factors will drag down the prices of bread and bakery products. By the end of the year, we should expect a 5-10% increase in the price of bread, and for almost the entire range of bread. Already from October, a price increase of 5% is expected. This is due to high prices for 2-3 class wheat, rising prices of fuel and energy sources. In addition, bakers currently have low salaries, so their increase is extremely important for the industry," Yu. Duchenko explained. According to him, the industry today ...
Source: Agravery

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