Popescu said the 20% increase in wheat prices was triggered by the evolution of prices on the international market and the demand-supply ratio countrywide. According to Popescu, higher wheat prices might trigger bread price hikes within a month at the most.
Popescu also said farmers set higher wheat prices compared with the previous years, with prices rising even 20% to 25% compared with 2011. He pointed out the increase in wheat prices has triggered an increase in flour prices, which will subsequently raise the price of bread.
Popescu declined, however, to make estimates regarding bread price hikes in the future.