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Reasons for the decline of solvency of peach and plum bread in 2022
The price of raw materials has gone up. The raw materials for buying peach and plum bread are flour, oil, sugar, eggs, yeast and so on. From the beginning of 2002 to the end of 2022, the cumulative increase of wheat (futures) in that month was about 23.26%; In the same period, the main sugar (futures) increased by about 10.89%, and the rising price of raw materials led to the decline of the solvency of peach and plum bread in 2022. Li Tao Bread is a comprehensive company dedicated to the production, processing and sales of baked goods. After years of efforts and accumulation, Li Tao brand, the company's core product bread, has grown into a cross-regional national famous brand.