EconomyFinancialThey foresee an increase in the price of bread...

They foresee an increase in the price of bread due to the rise in wheat

The increase in the price of wheat by around 22% can cause an increase in the cost of bread for Mexican consumers of the same percentage, assured this Saturday Amador Méndez, president of the National Association of Suppliers of the Bakery Industry (Anpropan).

Méndez explained that the sector is going through a difficult situation due to the increase in the price of raw materials and this year it will be much more complicated due to the effect of the war in Ukraine.

When presenting the Mexipan 2022 Fair, which will take place next July, Méndez said that if bread prices increase and wages do not rise in the same proportion, there will be a decrease in demand.

After two years of not holding the Mexipan Fair due to the COVID-19 pandemic, the 2022 edition will be held from July 20 to 23 at the Citibanamex Center in Mexico City at a time of strong increase in the prices of raw materials that has caused a sharp rise in inflation throughout the world.

Méndez explained that the baking industry in Mexico operates in a free market without regulation or controlled prices, so depending on the increase in input prices, each business will decide to maintain prices or increase them moderately.

With the COVID-19 pandemic, many of the 56,000 businesses in the sector were forced to close, and now the Russian army’s invasion of Ukraine, which began in February, is the latest factor causing wheat prices to rise globally. worldwide, which affects the bakery industry sector.

The culture of bread in Mexico is one of the most important in the world with more than two thousand different varieties of bread, which is a global record.

In Mexico, an average of 33.5 kilos per capita per year of all types of bread is consumed as it is a staple food.

At the Mexipan 2022 Fair, the largest in Mexico and the leader in Latin America, a face-to-face and virtual business platform will be offered with more than 200 suppliers from the bakery, pastry, chocolate and ice cream industry.

The Mexican baking industry employs more than 160,000 workers and is one of the most important in the food sector, representing 11% of national sales in this genre.

According to Anpropan, the market value of this industry is approximately 57,000 million pesos (around 2,850 million dollars) with growth rates of 2% to 3% per year, although in the last 10 years there has been a slight trend of annualized decrease. of 0.2%.

At Mexipan 2022 there will be demonstrations of innovation trends in the sector with a sample of the talent of professionals of national and international origin in the industry (chefs, technicians and teachers).

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