Grain Association: flour price increase is inevitable

The profession considers the minimum 5 percent increase in the price of flour as inevitable – the Hungarian Grain Association told MTI on Tuesday.

The professional organization sees the reason for the price increases that most of the mills are operating with a less than 2 percent profit and do not have the reserves necessary for wage increases.

According of the information each company will decide individually, when they will increase their prices, but also the payment of wages in January may be difficult for the companies. (MTI)