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April 17, 2022
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Bread price may rise up to $1,000 and its size may decrease

Bread price may rise up to $1,000 and its size may decrease

Bread has become one of the inevitable foods in the dining rooms of Colombian homes, since many people tend to eat it for breakfast, or once, because of its affordable price.

However, given the increase in food for the month of March, which was 25%, as recorded by the Dane. Bread became one of the great victims, since in many bakeries its rise was very noticeable.

Also read: The keys so that Colombian companies do not lose 15% of their income

And it is that, according to Henry Vargas, who is the general manager of the National Federation of Cereal, Legume and Soybean Growers, said in an interview for a national media, that the price of bread rose due to the conflict that is taking place between Russia and Ukraine, since the country imports 98% of wheat to be able to elaborate this product.

In turn, Vargas asserted that, although this increases in price, its size will also decrease, since these two countries that aree are in conflict, they produce almost a quarter of the wheat consumed worldwide.

In addition, the executive said that the national wheat is used simply for soups and cookies, therefore, he proposes some outlets so as not to depend on third parties, but that there is a greater demand for wheat within Colombia so that in this way the exaggerated prices of bread are mitigated.

Also read: Traders warn that high inflation is playing tricks on them

Although it is not a secret that due to inflation, bread went from $200 to $500 and up to $700according to the trend and the percentage of the value of the increase in food, a single loaf can cost up to almost $1,000. Therefore, the use of arepas may increase until the price of bread stabilizes again.

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