Looks like bread sales in Iran are down 60%-70%. Not surprising. Who is the world is willing to pay 10x more for bread from one day to the next ? I said it, if bread prices go up by 10x then people will simply avoid buying bread and buy alternatives like rice, barley, vegetables, beans. etc
Now vendors will either have to sell already produced stock at discount or throw it away. Prices will fluctuate according to supply and demand until they eventually settle to a rate consumers are willing to accept. With soaring food prices more people will buy flour and bake their own bread or begin gardening in their spare time.
Now vendors will either have to sell already produced stock at discount or throw it away. Prices will fluctuate according to supply and demand until they eventually settle to a rate consumers are willing to accept. With soaring food prices more people will buy flour and bake their own bread or begin gardening in their spare time.