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Price of Bread to Increase by 5-7% in January, Millers Cite Global Wheat Prices

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"Association of Millers and Bakers announced an inevitable price increase for standard bread loaves in early January, ranging from 5 to 7%. They attribute the rise to a 20% increase in the cost of imported milling wheat over the past quarter due to poor harvests in key exporting countries and continued logistical disruptions in the Black Sea. While most wheat for bread is imported, the Ministry of Economy stated it is monitoring the situation and will consider temporary VAT reductions on basic
 
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