The conflict with Russia not only affects the Ukraine, one of the main grain producing countries in the world, but is causing wheat shortages and soaring prices on international markets, at a time when access to Russian grain is also limited.
In a statement, Carlos Batista, Chairman of the Board of Directors of Insular de Moinhos, the main agro-industrial group in Madeira, stated
“Obviously this will have an impact on the final price of the products. We are making an effort to support part of the costs, so that they are not fully reflected in the final product, considering that we are talking about essential goods.”
In other news, meat, cereal products, vegetables and fertilizers are also expected to become more expensive
Samantha Gannon
info at madeira-weekly.com
