Food costs rise along with fuel prices

Food costs rise along with fuel prices

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of rising fuel and material costs on the grain milling and bakery industries. It highlights how these costs affect operations, from importing grain to delivering flour and bread. The pressure on businesses is significant, leading to potential cost transfers to consumers. The ripple effect of these rising costs is felt throughout the supply chain, ultimately impacting commodity prices for consumers.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways are the costs absorbed by the businesses, and what might happen in the future?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does the bakery face due to the rising fuel overheads?

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