Current data indicates first-quarter U.K. economic growth could be 0.5%, its strongest quarter since spring 2011.
Brent Crude oil rose 2% on ICE, but Light Sweet Crude was down 1% on NYMEX. E.U. petrol prices rose 9%, as previous rises in crude oil prices fed through. The cost of diesel was also up 2% in the E.U.
Soya Bean Oil - Prices rose 3% in Rotterdam, as South American prospects deteriorated further at the start of March, although the drought is now officially over in some parts of Argentina.
Sunflower Oil - Rotterdam prices rose 2%, while Argentinian prices were unchanged.
Palm Oil - Malaysian prices rose 5%, as supply started to show the expected seasonal slowdown in February.
Rapeseed Oil - Prices rose slightly in Rotterdam.
Palm kernel Oil - Prices rose 2% in Malaysia.
Olive Oil - Spanish futures ended up 6% with Extra Virgin Olive Oil also up 3%.
Milling Wheat futures fell on LIFFE Paris and 4% on CBOT, while prices in the cash market were mixed, with increases of plus 2% in the U.K.
Butter - Prices throughout the E.U. continued to fall this month, down 7% in the UK, mainly due to high supply and lower demand.
Cream - E.U. prices fell 4% and the E.U. Butter Private Storage Aid (P.S.A.) scheme saw more activity than expected, with around 47% more supply put into the scheme, as of mid-March, compared to last year.
Milk Powders - S.M.P. saw declines of 6%, while W.M.P. also fell 5%.
Egg - Wholesale prices continued to increase, up 32% in the E.U. Liquid and Powdered Egg products also rose 20%.
Cocoa beans rose 2% on LIFFE. U.K. Cocoa Powder prices fell 6% and Cocoa Butter prices by 8%. World cocoa grindings in 2011/’12 are expected to grow by 2%, to 3.99 million tonnes, due to increased demand.
Turkish Dried Figs – Prices were down 10%.
Sultanas - Prices were down 5%.
Raisins - Prices have fallen by 2%.
Desiccated Coconut - Prices were down 10% in the Philippines, given improved supply.
Trade account holders can place their orders on line 24 hours a day 7 days a week making ordering from Bako even easier. Find out now how easily ordering online from Bako can be.
To achieve a high level of health protection for consumers, the buyer is advised that products supplied from BAKO North Western are produced/retailed in line with stringent current guidelines. It is the sole responsibility of the buyer that products which may contain allergens or products which may cause intolerances’ be manufactured/retailed in line with current legislations.
Bako North Western is a leading food service company, specialising in bakery supplies, serving the North West region from the company's headquarters in Preston, Lancashire. Launched over 45 years ago as a regional buying co-operative , today Bako provides bakery ingredients, Food Ingredients, and food service products to Bakers, Butchers, Food Manufacturing Companies, Catering Companies, Restaurants, Cafes, Coffee Shops, Sandwich Shops, Schools, Colleges and indeed any sector where a quality food wholesale supplier can add value to our clients business. The area we cover includes Lancashire, Cheshire, Parts of Cumbria, Merseyside, North Wales, Greater Manchester, West Yorkshire, South Yorkshire, Leicestershire and Nottinghamshire. Visit our "Meet the Account Handlers" page for more information on the areas we cover.
Trade customers looking for the UK's leading Bakery Supplies Company choose Bako every time for ambient, chilled, frozen, food ingredients and non food products as a result of over 45 years food service experience to the bakery industry, food manufacturing and customer focussed food industries.
