Bakers are struggling to keep prices of bread and pastries low amid the spike in flour prices caused by the Russia-Ukraine war and disruptions in the global supply of wheat. READ:
caused by the Russia-Ukraine war and disruptions in the global supply of wheat.said that prices of flour, depending on the quality, have gone up by around 20% to nearly 50% in recent months.
The Philippines is a major importer of milling-quality wheat, as it has no commercial production of wheat. It mainly imports wheat from the United States, Australia and Canada, according to Luisito Chavez, former vice-president of the Philippine Federation of Bakers’ Association, Inc., breads, cakes, biscuits, cookies, instant noodles and pasta. The Ukraine-Russia conflict, plus economic or trade sanctions of the West on Russia have destabilized global wheat prices and supplies,” Mr.
“We have no choice but to adjust a little some of our bread prices, but not too high because we do not want customers to suffer and we don’t want customers to buy and eat lessSome bakeries and fastfood restaurants reduce size, density, and quality of their breads and foods, but we continue to uphold our standard, classic sizes and taste of the bread here,” he said.
A March 24 report by the US Department of Agriculture – Foreign Agriculture Service in Manila said the share of milling wheat to the total cost of bread production is 71%.
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