Bulgarian Agriculture Minister Assuages Grain Shortage Fears

Business | August 14, 2010, Saturday // 18:53
Bulgaria: Bulgarian Agriculture Minister Assuages Grain Shortage Fears Bulgarian Agriculture Minister Naydenov says there are no grounds for bread price increases. Photo by BGNES

Bulgaria has got plenty of good-quality wheat and is not threatened by a grain shortage, Agriculture Minister Miroslav Naydenov said Saturday.

In his words, 97% of the wheat crops have been harvested. He emphasized that there are no reasons for concern despite media reports, and that Bulgaria will have bread thoughout the year.

In his words, a 30% increase of the bread prices will be totally speculative and unjustified, and a kilogram of bread should not cost more than BGN 1.

“The bread prices are going up because our bread-makers reacted very quickly to the changes of wheat prices around the world. This trend will stop when the situation in Russia normalizes,” Naydenov declared.

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Tags: bread, grain shortage, crops, harvest, wheat, grain, Miroslav Nyadenov, Agriculture Minister
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