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    Home > Food News > Food Articles > Greek food prices could see a new round of hikes

    Greek food prices could see a new round of hikes

    • Last Update: 2022-04-17
    • Source: Internet
    • Author: User
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    Greek "Daily" reported on March 9, Greek retailers and suppliers believe that in the context of the Ukraine crisis, a new round of increases in the prices of basic commodities such as food is inevitable .
    Before the conflict broke out between Russia and Ukraine, Greek-related practitioners had announced that a new round of price increases would reach 8%-20%, which would not only affect low-income groups, but also the middle class .
    Retailers are also concerned that price volatility will eventually lead to significantly less demand .
    Commodities affected at this stage are mainly flour, cereals, soybeans, vegetable oils, etc.
    , but as energy prices rise and transportation costs increase, prices of all types of commodities are expected to rise .
    Experts believe that it is difficult for wheat prices to reverse the upward trend this year, and this trend will even continue into the next year .
    Greek "Daily" reported on March 9, Greek retailers and suppliers believe that in the context of the Ukraine crisis, a new round of increases in the prices of basic commodities such as food is inevitable .
    Before the conflict broke out between Russia and Ukraine, Greek-related practitioners had announced that a new round of price increases would reach 8%-20%, which would not only affect low-income groups, but also the middle class .
    Retailers are also concerned that price volatility will eventually lead to significantly less demand .
    Commodities affected at this stage are mainly flour, cereals, soybeans, vegetable oils, etc.
    , but as energy prices rise and transportation costs increase, prices of all types of commodities are expected to rise .
    Experts believe that it is difficult for wheat prices to reverse the upward trend this year, and this trend will even continue into the next year .
    food prices
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