ADVERTISEMENT

Flour prices to climb 10%

EU

Hungarian mills are expected to raise the price of flour by about 10%, Hungarian daily Népszabadság reported today.

Farmers have not signed contracts with bakers yet because they expect a price rise within a couple of months, which Grain Association head Zsófia Pótsa told the paper. The price of mill wheat has already gone up by 10 % on the commodities exchange, as rain cut the harvest.

Bakers reported earlier they expected bread prices to climb due to the projected increase in the price of the flour.

However National Commerce Association chief György Vámos said  ingredients accounted for just a small part in the consumer price of baked goods. The rise in flour price would not be enough to justify bread getting more expensive, he said.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.