UK: Corn price hike prompts ADM Milling to up flour price

By Michelle Russell | 2 August 2012

ADM has upped the price of its flour by GBP75 per tonne

ADM has upped the price of its flour by GBP75 per tonne

Poor UK weather and record corn prices resulting from a severe drought in the US has prompted ADM Milling to increase the price of its flour.

In a statement today (2 August), a spokesperson for the UK arm of commodities giant ADM said it has upped the price of its flour by GBP75 (US$116.6m) per tonne.

A 16kg bag of its flour will now cost bakers GBP1.20 more from 30 July, it said, as "record" rainfall in the UK, and drought in the US has caused world wheat prices to rocket.

Drought conditions have continued to move across around two-thirds of the US where extreme weather conditions have caused corn prices to spike. The US Department of Agriculture has warned the drought will reduce corn yields this year, prompting fears of a spike in prices of the commodity and pressure on feed costs.

The spokesperson for ADM Milling added: "Whilst weather in [the] UK has improved over the past few days, the record rainfall in June/July has delayed the domestic harvest by up to three weeks and has also brought about concerns over quality and yield. This, coupled with a severe drought in the US and the Black Sea region of Europe, has given rise to a significant increase in world wheat prices.

"Consequently, it has become necessary for ADM to increase the price of our flours."

Sectors: Commodities & ingredients

Companies: ADM

There are currently no comments on this article

Be the first to comment on this article

Related research

ADM in Ingredients (World)

ADM is a global force in the market for ingredients derived from agricultural sources. Its business is centred around products derived from oilseeds, corn, cocoa and wheat, and includes both commodity-style basics as well as added-value, more highly ...

Protein Ingredients

This report analyzes the worldwide markets for Protein Ingredients in US$ Million by the following Product Categories/Segments: Animal Protein, (Fish, Meat, Milk, Egg, & Gelatin), and Plant Proteins (Soy, & Gluten). The report provides separate compr...


This report analyzes the Global market for Yeast. It provides separate comprehensive analytics for Europe and rest of the World. A six-year historic analysis is provided for these markets along with forecasts for the period 2010 through to 2018. The ...

Related articles

MEXICO/US: Gruma buys back shares from ADM

US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group.

AUS/US: GrainCorp turns down latest ADM takeover bid

Australian agribusiness giant GrainCorp has rejected Archer Daniels Midland's latest takeover bid for the company.

US: ADM ups takeover bid for GrainCorp

Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page