Price of foodstuffs in Czech Republic should rise by at least ten percent this year, says farmers leader

11-05-2008

The price of foodstuffs in the Czech Republic is likely to increase by at least ten percent this year, the president of the country’s Agricultural Chamber Jan Veleba said on a TV debate programme on Sunday. Mr Veleba said world demand for foods would always outstrip production, adding that rapid price rises were also caused by speculators. Czech consumers have seen record price increases; for instance, flour costs more than 50 percent more now than it did last May, while bread rolls, rice, milk and dairy products have all gone up by nearly a third in the last twelve months.