| Abstract [eng] |
The article presents economic processes going on in the Lithuanian market of grain products and their impact on the purchase prices of grain, analyses how the changing grain purchase prices might bring some impact on the retail prices of bread products. Average purchase prices of grain in the first half-year of 2010 were by 5.9% and 50.6% lower than in the same period of 2009 and 2008, respectively. They began to increase in the middle of half-year, as a result, over the first half-year of 2010 the price of food wheat went up by 12.1% and that of food rye by 27.6%. The faster growth of purchase prices of grain in recent months is observed not only in Lithuania but also in other EU countries. Future transaction prices at the international exchanges let to assume that the present increase of grain purchase prices might persist and in the second half-year of 2010. Depending on the circumstances affecting the grain market, it is expected that the average purchase price of grain in 2010 might be by 20-25% higher than the actual price in the first half-year of 2010. Because of this reason, the wholesale and retail prices of grain and bread products might also go up. The price of rye flour might increase by 9.3% in case the expected annual growth of grain purchase prices is 20%, and by 11.5% in case the expected annual growth is 25%; the price of wheat flour might increase by 12.1% and 15.1%, respectively. The prices of bread products might get up by 2.4-4.6%. |
