Bakery kernels are approaching price levels not witnessed since September 2012 when they climbed as high as EUR 1.28/kg due to considerable crop losses. Some buyers are nearly panicking as they reckon that prices will continue to rise next season. Others, however, think that there is a good chance that the price surge may be stopped. Much depends on the new crop and the response of the buyers to the current market situation.
Drastic surge anticipated
Market prices are certainly expected to continue to rise, with some suppliers in Bulgaria reporting that Bake