“Food prices: What goes up must come down”

Oh yeah? I’ve taken our headline directly from Mariann Fischer Boel in full rhetorical flight.

When the price on wheat went up last year, I wondered quite publicly why bread prices skyrocketed when the share of wheat in the cost of producing bread was relatively low. Back then, I was told by industry that the share of agricultural raw material was in fact much higher and that rising energy prices also had an impact. Now with wheat and energy prices having dropped dramatically during the last year, I think it is legitimate to wonder again and ask: why aren’t bread prices following suit?

Good question? Or naive political drivel? You be the judge.

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