As flour has risen twice in just 3 months, after rising once in January this year, the price will increase again from the end of March, and the associated bread and biscuits are also brewing to increase the price.
Ukraine and Russia have been described as the breadbasket of the world, accounting for a third of global wheat and barley exports. However, affected by the war between Russia and Ukraine, the price of wheat has been soaring, and the price of flour has also risen twice within three months.
Because flour is the raw material of many staple foods, this price increase will also affect the prices of other food products. After the price of flour rises, other products including biscuits, bread, noodles, etc., and the prices of all flour-related foods will be affected.
Not only that, but some flour mills have also stated that there is a shortage of supplies, so the next supply may be reduced by about 30%.
In addition, the food industry is also facing another problem of high costs, including the skyrocketing price of palm oil.
