ECONOMY

A baker throws…

A baker throws flour on dough products headed for the oven. The Federation of the Greek Flour Industry said yesterday that the price of flour products will head upward, in line with the cost of wheat. ‘The price of imported wheat available to our members is dramatically higher than in the recent past,’ said the federation in a statement. ‘Under these conditions, the increase in flour is imposed and considered a given,’ it added. The federation did not provide any estimates as to how much the price of bread may increase in Greece, which covers most of its wheat needs via imports. Wheat prices have surged internationally since early June, culminating in a jump to two-year highs as Russia stopped exports due to a severe drought.