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Ekonomia

Another increase in the price of bread is expected, a 12 percent increase in the price of flour is announced

Another increase in the price of bread is expected, a 12 percent increase in the

The price of bread is apparently expected to have another increase. Rising wheat prices are threatening Albanians with rising prices for the most basic product, bread. At the end of the summer, a part of the bakeries applied an increase of the product price by 10 ALL. One of the reasons that led to this increase, according to the representatives of these businesses, has been the increase in the price of flour. In fact, the figures of the General Directorate of Customs show that starting from the last quarter of last year, there has been a significant increase in the average price of imported wheat and flour. Meanwhile, producers say they have raised prices, but the factor of rising bread price has not been just flour. Roland Hysa, president of "Miell Tirana", says for "Monitor" magazine that since August, the prices of flour for bakeries have increased by 10%, due to the increase in grain prices. Given the price trend of wheat in international markets, a further increase seems likely to be inevitable. On October 7, the CIF price for a ton of wheat imported to Albania was 365 USD, an increase of more than 45% since the end of August. Meanwhile, Adi Haxhiymeri, administrator of the company "Bloja", says that with this performance, the increase of flour prices is inevitable. He predicts a price increase of the flour product up to 12% within this year. “I would say that for ordinary bread flour, our selling price for ovens can reach up to 65 lek / kg, from the current 58-60 lek per kg. I predict a price increase of flour product up to 12% within this year. These are approximate projections of course, but the trend seems to be this, if the rise in the price of wheat does not stop. The problem is not just the basic raw material. Other ancillary items are also becoming more expensive. The price of pallets has risen. "The price of cardboard has increased by 30-40%", he says.

VAT reduction is required from producers

Meanwhile, the effect of the rise in prices of other food products is related, in the first place, to the weight that food occupies in the structure of household expenditures. Albania is the country with the highest share of food expenditures in Europe, with about 42% of the average household expenditure. Haxhiymeri from the company "Bloja" says that for economies where food occupies a high weight in the structure of expenditures, it is difficult for the effect of their increase to be assimilated without government intervention. "We have a problem: the ratio of taxes to national production in our country is relatively low and there is not much room for reduction. "The question is whether we can let this wave of price hikes be absorbed without direct government intervention and leave the problem to market economy mechanisms," he said. According to Haxhiymeri, There are several ways the state can help alleviate the crisis of wheat prices. "One option is to touch VAT. Of course, there are opinions that this measure is not effective, because even when VAT is reduced, prices are not reduced, but in this case, we can act with a strict control over businesses to avoid abuses, since we are talking about products special ", he said.

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