Dawn Foods released the Global Bakery Trends study at IBA 2025 and is set to release North American-specific insights of the same study at IBIE in September.
Nitrogen-based fertilizers, particularly urea, saw the steepest rise, up 20% year-on-year to an average of US$390 per tonne
The increase was driven largely by gains in wheat, maize, and rice prices, amid tightening export supplies
Executives in the snacking industry have expressed a bleak outlook, showing little hope for improvement in the near future.
The annual survey gathered data from 142 countries and 28,235 feed mills.