Despite the fact that Ukraine recently harvested its grain crop, Ukrainians were predicted to see a 25% increase in bread prices by the end of the year. However, according to bakers themselves, bread prices should be expected to increase by an average of 5-10% by the end of the year.
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This was stated on Ukrainian Radio by the President of the All-Ukrainian Association of Bakers Yuriy Duchenko . According to him, the main influence on the cost of bread is the price of flour and energy, which will determine the price of finished bread.
Thus, according to Yuriy Duchenko, although the wheat harvest generally meets the needs of bakers, questions may arise regarding its quality, which will affect the quantity and quality of the flour obtained, and this directly affects the cost price.
“Flour accounts for up to 40% of the cost of simple-recipe bread. Accordingly, if grain and flour have doubled in price, the cost increases significantly. In addition, the baking industry is energy-intensive, so energy prices have a large impact on the cost. And recently, the cost of logistics has increased significantly. All this together affects the cost of production,” Yuriy Duchenko argues for the future price increase.
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At the same time, the expert predicts that the increase in bread prices will not be too high and is unlikely to exceed 5-10%. In this case, taking into account the average price for a loaf of bread in Ukraine, according to the Ministry of Finance, at 42-46 UAH, the price increase could be 4-5 UAH per loaf.
As “FACTS” reported, the subsistence minimum in Ukraine provides for the purchase of 230 loaves of bread annually for the needs of an able-bodied Ukrainian.
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