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Portugal’s Bread Price Shock | Portugal News
Bread prices in Portugal are set to rise starting October—not just due to soaring wheat costs, but because of skyrocketing energy, transport, and labor expenses crushing bakeries. Global wheat shortages, fueled by Black Sea conflicts disrupting Ukrainian and Russian exports, combined with a European drought slashing French yields, mean Portugal must import grain from farther away, hiking shipping bills. With only 5% of its wheat produced domestically and reserves lasting just 15 days to three weeks, the ripple effects will soon hit pasta, pastries, and even meat, milk, and eggs as raw…
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