Continued power outages will lead to higher food prices in the coming months, experts say.
By the end of summer, the energy crisis will lead to an increase in grocery prices by up to 15%, and for dairy products by up to 30%. Forbes Ukraine reported this on Thursday, June 20.
The publication states that the largest supermarket chain in Ukraine has already started raising prices for food products and announced their further growth.
“In particular, in June-July in ATB the prices for canned fish, sunflower oil and mayonnaise will increase In the Auchan chain, the prices of bread and sugar have already increased due to the closure of some facilities of production, which decided to wait until the situation in the energy sector stabilizes Varus and Fozzy Group chains (supermarkets Silpo and Fora) have not yet reported an increase in prices, but the range of perishables has decreased. that goods. It is also known that stores are already facing disruptions in the supply of local products from small businesses that do not have generators,” the authors of the material indicate.
It is indicated that the reasons for the increase in food prices are not only unstable electricity supplies, but also the devaluation of the Hryvnia and the increase in logistics costs.
The most painful industry facing electricity problem is the dairy industry.
“The production of dairy products, which requires stable storage conditions in refrigerators, suffers more from power outages According to the chairman of the board of directors of the Union of Dairy Enterprises of Ukraine, Vadim Chagarovsky, the use of generators will force dairy producers to increase prices by 10% today, and in the fall – by 25-30%,” the article said.
Bread makers are also planning to raise prices. In addition to power outages, they are suffering from rising grain prices and shortages of critical workers.
Bread prices may rise in Ukraine. In the near future by 10%, and later by 20%
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.