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Domestic and foreign wheat production is insufficient, Chilean bread prices may welcome a new round of rise

 Last Update: 2021-12-25
 Source: Internet
 Author: User

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The latest data released by the Chilean National Bureau of Statistics (INE) shows that from January to November 2021, the national bread price has increased by 7%
.
It is expected that the price of bread, the food most commonly consumed by Chileans , will continue to rise due to the impact of the climate crisis, logistics constraints, and shortages of wheat production at home and abroad .

Chile’s National Daily reported on December 15 that Sergio Schmidt, general manager of Chile Comercializadora de Trigo SA grain storage service company, told the media: “The United States, Canada and other countries have declined in wheat production and exports.
This has had an impact on the price of Chilean bread
.
” At the same time, “some growers have chosen to switch to other more profitable crops, which has reduced Chile’s domestic wheat production
.
”

Schmidt said that in the Santiago Metropolitan Region (RM), the price of wheat per 100 kg bag is between 31,000 and 32,000 pesos, which is 48% higher than the record for the same period in 2020.
In addition, "international shipping costs are also Will continue to maintain a high level," he analyzed, because Chile's national wheat consumption is more than planted, the price of flour has risen by 25% to 30%, which will affect the price of Chilean bread
.

"I think in the next few months, with the arrival of the national wheat harvest season, the price of bread may stabilize, but at present, this is still uncertain
.
" Schmidt said
.

Bread prices wheat food

"I think in the next few months, with the arrival of the national wheat harvest season, the price of bread may stabilize, but at present, this is still uncertain
.
" Schmidt said
.

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