Big turnaround to come in flour and bread prices in Hungary
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The price of one of the most sought-after grocery items, bread, could take a surprising turn in the coming weeks in Hungary. The fall in wheat prices will push down the price of flour, and this is expected to have an impact on the price of bread. Although the prices of flour and bakery products will start to fall soon, consumers will not be happy about the price of pasta for the time being.Â
Falling prices
Bread is the most expensive grocery item in Hungary so far, with the price doubling in a year. From February, however, the turnaround that shoppers have been waiting for could happen. Zoltán Lakatos, President and CEO of Hajdú Grain Ltd., informed the Hungarian RTL about this. As for the price of wheat,
there could be a fall of around 5 percent, which I think will start in February,
says Lakatos.
He adds that the price of wheat will continue to fall, which will also have an impact on the price of flour. The fall in wheat prices is due to the start of grain shipments from Ukraine. Although consumers can be pleased with these falling prices, producers and processors are not. Since the start of grain shipments from Ukraine, some agricultural businesses are facing financial difficulties, RTL reports.
Consumers may be less happy about the price of pasta
In the past year, the rise in the price of pasta has been the most striking, along with dairy and bakery products. Although the price of bakery products seems to be falling in Hungary, customers are not so lucky with pasta.
I will genuinely be surprised if the price of my daily bread will go down – ever again.
The wholesale price of wheat-flour might, but labour and associated costs are unlikely to go down. I can’t see bakers (or for that matter, any other trader) wanting to go back to the old prices.
… The more I think about it, it will be the same for moo juice and cackleberry.