Sunday 19 September 2021

9% rise in cost of flour puts pressure on consumer prices for bread, cookies and pasta

Molinos de Costa Rica attributes measure to 30% increase in world wheat prices

Paying the bills

Latest

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...

Today’s Vehicle Restriction September 19: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, September 19, vehicles with EVEN...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...

Sala IV rejects covid patient’s claim for Caja to pay the cost of a private hospital

QCOSTARICA - A claim made by a family against...
Paying the bills

Share

QCOSTARICA – A 9% increase in the cost of wheat flour, put into effect this Thursday, July 1, by the Molinos de Costa Rica, puts pressure on the consumer prices of bread, cookies and pasta.

A bag of 50 kilos of flour went from ¢23,000 to ¢25,000, as of the first day of July.

According to the report by the company, a bag of 50 kilos of flour went from ¢23,000 to ¢25,000, as of the first day of July.

- Advertisement -

It is estimated that at least 50% of the total cost of making bread comes from the raw material, that is, flour.

The increase in the raw material (estimated that at least 50% of the total cost of making bread) made from wheat, is due to a strong rise in the international prices of the grain, explained the general manager of Molinos de Costa Rica, Luis Ruenes.

Ruenes added that between April of this year and to date, the prices of wheat increased by an average of 30% and that the weather and demand conditions suggest a continuity of the price escalation.

The drought in Canada and the United States had a direct impact on the plantations of this grain in those two countries, which leads to an estimate of a drop in production.

Additionally, the harvest in Brazil was also affected by the weather, which is why large buyers from that South American country, particularly China, had to turn to suppliers from the northern hemisphere, explained Ruenes.

In Argentina, another major global supplier of wheat, a loss of around 10% of the expected harvest was estimated in the 2020-2021 cycle, also due to the impact of drought.

- Advertisement -

Other South American suppliers, including Paraguay, also reported problems caused by water shortages.

Meanwhile, international trade reports report an increase in grain purchases in general by China, a country whose intention is to redo its agricultural inventory, said the manager of Molinos de Costa Rica.

The combination of factors, he commented, leads to estimates that world wheat values ​​will continue to rise in the coming months.

He added that this month a ship arrived with wheat imported by that company (enough to supply the market in two or three months), with a price 30% higher than the one brought in April.

- Advertisement -

 

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Tourism entrepreneurs should coddle local tourists, not scare them away

EDITORIAL - The Central Government has mandated its civil servants holidays...

Today Costa Rica wakes up to an increase in fuel prices, the third this year

QCOSTARICA - At 12:01 am this Wednesday, fuels will be more...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.