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    Home > Food News > Food Articles > Domestic and foreign wheat production is insufficient, Chilean bread prices may welcome a new round of rise

    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
     
    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
    .
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