Shoppers Warned Over UK Bread Price Increases

Shoppers Warned Over UK Bread Price Increases

Consumers doing their weekly shopping at supermarkets like Asda, Tesco, Lidl, Morrisons, Aldi, and Sainsburys have been warned that the price of bread looks set to significantly increase.

Bakery and Snacks Magazine reports that wheat prices have reached a nine-year high following an increase in global demand, which has sent the price of bread wheat up by 26.7 per cent over the past 12 months.

The hike in bread prices comes as other costs continue to increase, including fuel for transport and gas for bakery ovens. While some of the cost will be absorbed by retailers, experts say some of it will be passed onto consumers.

Rising fuel costs, the lorry driver shortage and higher wages to battle the recruitment crisis are also contributing to the soaring price of many favourite foods.

Alice Jones, an analyst with the agricultural body, AHDB, said: Global wheat prices keep climbing each week on the back of supply concerns, and UK prices are following global trends.

As long as global prices keep rising there is scope for domestic prices to keep rising.”

In a recent review of the global food market, the UNs Food and Agriculture Organisation reported a surge in agricultural input prices and said that high prices of these inputs will lead to higher production costs, and ultimately into higher food prices.

Gordon Polson, CEO of Britain’s Federation of Bakers, told The Grocer: “Energy pricing is also on the rise, while HGV driver shortages and recruitment are resulting in increased wage rates.

Allied Bakeries, which owns the Kingsmill brand, said that the industry was exposed to inflationary pressure in relation to the cost of flour, as well as the gas we use in our ovens and fuel for our delivery fleet.

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By | 2022-01-04T14:12:59+00:00 January 4th, 2022|Uncategorized|Comments Off on Shoppers Warned Over UK Bread Price Increases

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