Food Supplier Warned Wheat Pasta n Bread To Increase By 50%

With Russia and Ukraine responsible for about 30% of global wheat production, Vladimir Putin’s invasion is set to significantly disrupt the market, with Ukraine subject to military bombardment and Russia on the receiving end of widespread sanctions. The wholesale price of wheat has subsequently risen 50%......

According to report, food supplier has warned staple foods such as pasta and bread could rise by fifty percent amid the Ukraine crisis - and that price increases might not end there.

Jason Bull, director of Eurostar Commodities, said Russia’s invasion of Ukraine is causing “new problems every day”.

He warned resulting supply issues will further hit Britons’ food bills in a cost-of-living crisis where energy bills are also rising exponentially.

Eurostar Commodities imports and distributes products including wheat flour, rice, semolina, maize, and gluten-free flour: all ingredients affected by market and supply chain uncertainty.

“In no uncertain terms, these prices are completely unsustainable,” Bull told Yahoo News UK.

He said he expects staple foods to become up to 50% more expensive in the coming months: “It’s significant because it’s a big jump - and where is it going to end? It might not end there.

“The lack of supply is going to continue and this war isn’t going to finish next week. This is going to last for years and we’re going to pay the price for a long time.”