Bread will soon become more expensive in Israel: here's why
Israel is preparing to raise flour prices by 10%-15%, which will lead to higher prices for bread and baked goods. The reason is disruptions in Russian wheat supplies due to the war. Some enterprises will introduce new prices from November 1.
Israel is preparing to raise flour prices by 10%-15%, which is expected to lead to higher prices for bread, pastries, and confectionery. Some milling enterprises will introduce new prices as early as November 1. The main reason is disruptions in Russian wheat supplies due to the war between Russia and Ukraine, forcing importers to purchase more expensive grain from other countries. The milling enterprise "Bar-Rav" from Tel Aviv has already notified customers of an 11% price increase from November 1. In a letter, management explained that due to the escalation of the war and the closure of Black Sea ports, the enterprise is forced to purchase grain from Western Europe, which costs 35%-40% more. Additionally, suppliers from the Black Sea region have canceled agreements. Hadar Golombek, CEO of "Shtibel-Dagan," noted that due to order cancellations by Russian suppliers, the company is forced to import wheat from Poland, where it is more expensive. Additional costs are also associated with purchases of Israeli wheat, whose price is tied to the highest—American. The war is not the only reason: since the beginning of the year, global wheat prices have risen due to drought in Europe, the El Niño phenomenon, and shipping disruptions.