Flour Price Surge Signals Higher Bread and Pasta Costs

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

As the Greek government announced price cuts on 1,740 products for a two-month period on August 31, the country’s largest flour mills were delivering a very different message to their customers. Industrial food manufacturers and artisan bakeries were informed that flour prices would rise by 40 euros per tonne, an increase of roughly 10%, setting the stage for fresh inflationary pressure on everyday staples.

The increase stems from mounting disruptions in global grain markets. As previously reported by OT, Russian attacks have severely damaged Black Sea ports, cutting off a key export route for Ukrainian grain. At the same time, dangerously low water levels on the Danube have sharply reduced river transport capacity, with barges carrying only a fraction of their usual cargo before grain can be transferred to ships at Romania’s Port of Constanța.

Adding to the pressure, drought across Europe has damaged harvests, prompting grain holders to delay sales in anticipation of even higher prices.