Trade4go Summary
Bakery product prices in Ukraine are expected to continue rising due to increased costs of raw materials such as wheat bread and flour. In September-October 2024, the price of wheat bread and flour increased by 1% and 5.5% respectively, while sunflower oil also saw a 2.4% increase. The only decrease in price was seen in sugar, which fell by 1.6%. Experts predict a further increase in bread prices by 5-7% in November, as well as an increase in chicken prices.
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Original content
Prices for bakery products in Ukraine will continue to rise. This was reported by market expert Svitlana Cheremisina in a commentary on Channel 24. Bakery products steadily keep the trend of gradual price increase. According to the State Committee of Statistics, only during September-October, the price of wheat bread made from the highest grade flour rose by 1% to 48.94 hryvnias per kilogram, wheat bread from the first grade flour rose by 1.1% to 40.03 hryvnias per kilogram, bread rye - by 2% - to 41.76 hryvnias per kilogram, the price of a loaf increased by 2.4% - up to 26 hryvnias for 500 grams. Explaining the reasons for this trend, Cheremisina notes that at the beginning of autumn, the raw materials of agricultural production continued to increase in price. During September-October 2024, the price of flour increased by 5.5% to 18.15 hryvnias per kilogram, sunflower oil rose by 2.4% to 62.97 hryvnias per kilogram. The expert noted that the only exception was sugar. It fell in ...