date:Sep 04, 2012
UK is concerned, or whether they are the more global pricing issues, it is too early to say.
Prices are already high by historic standards, but that is the spot market. We dont buy on the spot market[for immediate delivery]and that does tend to be the feed wheat price as opposed to the price of premium quality required for bread making.
If raw material costs rose, however, he said bakers would need to recover them. He explained:Clearly the price on shelf is determined by the retailer. If we ha