
Montenegro's industrial bakery producers will decide next week whether to adjust bread prices after suppliers raised flour prices by 10 euros per tonne from Monday. Flour producers cited higher energy, diesel and heating oil costs, transport costs and rising wheat prices.
Monteklas raised flour prices about 2% to 3% at the start of November and does not expect another rise this month.
Rising wheat and energy costs are passing through to downstream flour and bread prices in Montenegro, a small import-dependent market. The effect on wheat demand is limited, but it signals firmer milling costs.
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