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Putins' WAR = Pasta/Bread/Beer/Milk, and Potato Prices Set to Rise by 50%, Suppliers WARN
The cost of essential foods such as bread, potatoes and pasta is likely to rise by between 4% and 50% over the coming months, according to farmers, importers and manufacturers
AP. 13 MAR 2022.
Foods suppliers have warned of price rises on staples such as bread, potatoes and pasta, in response to inflation and supply pressures linked to the war in Ukraine.
Farmers, importers and manufacturers have warned of increases of 4% and 50%. It comes after the wholesale cost of wheat rose by almost 50% in two weeks.
Ukraine and Russia together supply nearly a third of the world's wheat exports.
Jason Bull, director of Eurostar Commodities, which supplies flour to many food producers, said: "We are in unprecedented times. We've had Brexit, Covid, global warming and now a war. Suppliers are cancelling contracts with immediate effect and putting in big increases. Freight costs are going up while stock is at sea.
"We have real worries about food price inflation and food insecurity. The situation was not good before the war and now it's worse."
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