Nationalist Party spokesperson Peter Agius has stated that the price of Maltese bread will double amid Russian forces’ invasion of Ukraine and its effects on flour exportation.
In a recent video posted on social media, Agius stated that industry professionals have warned that flour prices are set to increase by close to 60 per cent, drastically affecting bakers across Malta and prices relating to their products. The PN spokesperson went on to state that we have already seen price increases by 10 per cent and further increases will impact Maltese society and individuals with lower income.
Both Ukraine and Russia provide a significant amount of grains, cereals, oils, flours and more resources to most countries around the world and, being one of the globe’s major exporters, the exportation of supplies and their prices will undoubtedly be impacted.
In light of this, Malta’s government has allocated €200 million to tackle the impact of the Russia-Ukraine crisis. Meanwhile, Agius has stated that Malta must make use of its EU membership benefits to ensure prices are not affected.
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