UK: Bread prices could rise as poor harvests push up flour price
UK bakery firm British Bakeries has said it is likely to raise the wholesale price of its products by around 15% from early September.
The company, which produces the Hovis and Mother’s Pride brands, said a sharp rise in the cost of flour, due to be announced 1 September, was to blame for the rise in bread prices, reported the Yorkshire Post.
British Bakeries said flour prices were expected to rise by £35 (US$55.4) per tonne across all grades because of poor harvests worldwide.
UK supermarket chain Tesco said it was too early to say whether the wholesale price increase would be passed on to customers.
"If in the event of there being an increase - which we don't know - we will absorb as much of that as we can so whatever impact on our shoppers is kept to a minimum," a Tesco spokesman was quoted by the paper as saying.
As the popularity of strict low-carbohydrate diets appears to be in decline, a more moderate alternative has been building in the consumer consciousness. Already popular in Australia, the Glycemic Ind...
Tesco has increased its lead in the UK grocery market, while Sainsbry has also managed to improve its market share, according to the latest figures from market researchers TNS....
Supermarket company Tesco is giving its staff a £220m (US$405m) bonus, thought to be the biggest ever reward handout from a British company, according to the London Evening Standard newspaper....
Supermarket Tesco further increased its lead in the UK grocery market in the twelve weeks to 24 April 2005, according to market analysts TNS. Sainsbury managed a small rise, while Wal-Mart's Asda and ...
Any move from Asda will be an important catalyst in the race to land Somerfield. The Wal-Mart owned group could well see its acquisition target as an important route into the ever-expanding convenienc...
Supermarket chain Tesco has announced a new food labelling system, with 'nutritional signposts,' which it says will make it easier for shoppers to make healthier choices....
Locally owned food retailer CBA is Hungary's biggest supermarket, according to the Budapest Business Journal, which cited statistics compiled by AC Nielsen for trade journal Mai Piac....
Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. Ho...
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Nestle to cut UK confectionery jobs
- Tyson shops Sara Lee bakery, Kettle and Van's
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre