Just Released: "Baked Goods in Venezuela"
In Venezuela, unpackaged/artisanal white bread is a price-regulated category. Nowadays, there is a huge gap between the regulated price of unpackaged/artisanal bread and the manufacturing costs. The wheat, used in the production of wheat flour and subsequently used as raw material of baked goods, is imported thus subject to international price volatility. Even though wheat flour is also a price-regulated category, the imbalance between current demand and supply makes manufacturers pay up to...
View full press release