Bakers note an increase in flour prices.
The president of the Russian Union of Bakers, Dmitry Semenov, reported a 20-30% rise in the cost of flour purchased by bakeries. Meanwhile, the increase in retail prices has not yet exceeded the rate of inflation.
According to Rosstat, the wholesale price of flour rose by 20% over the year (June 2024 compared to June 2023), from 18,783 rubles to 22,535 rubles per ton of wheat flour, excluding VAT.
Igor Sviridenko, the president of the Russian Union of Flour Milling and Cereal Enterprises, attributes the rise in the price of "white gold" to the increased cost of grain by the end of the grain year (by July).
Other factors also influence pricing policy, such as flour exports abroad—the Ministry of Agriculture's export plan amounts to 1.5 million tons, and the current trend aligns with these indicators.
Source: Forbes
Do you think fluctuations in the flour market will affect the retail price of bread?
#industrynews #bread #flour #modernbakery #modernbakerymoscow.
The president of the Russian Union of Bakers, Dmitry Semenov, reported a 20-30% rise in the cost of flour purchased by bakeries. Meanwhile, the increase in retail prices has not yet exceeded the rate of inflation.
According to Rosstat, the wholesale price of flour rose by 20% over the year (June 2024 compared to June 2023), from 18,783 rubles to 22,535 rubles per ton of wheat flour, excluding VAT.
Igor Sviridenko, the president of the Russian Union of Flour Milling and Cereal Enterprises, attributes the rise in the price of "white gold" to the increased cost of grain by the end of the grain year (by July).
Other factors also influence pricing policy, such as flour exports abroad—the Ministry of Agriculture's export plan amounts to 1.5 million tons, and the current trend aligns with these indicators.
Source: Forbes
Do you think fluctuations in the flour market will affect the retail price of bread?
#industrynews #bread #flour #modernbakery #modernbakerymoscow.