Bakery Suppliers and Catering Suppliers

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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.

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Important Customer Information

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.


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Market Report Update

  • Market Report up until November 2014

    All percentage changes in this report refer to month-on-month price changes and are provided by Mintec.

    FX Rates

    Currency against Sterling   Opened August   Closed August
    Dollar   1.659   1.620
    Euro   1.263   1.284

    Soft Commodities

    Sugar prices decreased on ICE (-9%) and LIFFE (-6%) due to an oversupply in the market. Although ending stocks are forecast to fall in 2014/15 to 44.4m tonnes, this remains 12% above the five-year average. Cocoa bean prices continued to increase on both LIFFE (+7%) and ICE (+5%) due to increasing demand and disrupted transportation in West Africa due to efforts to prevent the Ebola virus from spreading. Cocoa powder prices have risen (+5%), and prices for cocoa butter have also increased (+3%).

    Oils and Fats

    Prices for soybean oil in Rotterdam rose (+3%) due to lower than usual stocks. Palm oil prices in Malaysia increased (+8%) in Rotterdam, driven by increasing demand. Palm kernel oil prices were also up in Rotterdam (+6%) following the increase in palm oil prices. Rapeseed oil prices remained unchanged in Rotterdam (0%), as good supply prospects continued to keep prices at low levels. Sunflower oil prices rose by (+2%). Extra virgin olive oil prices rose in Spain (+6%) and Italy (+2%), driven by concern over dry weather affecting the 2014/15 crop.

    Grains

    Global wheat prices continued to fall as global production for 2014/15 is forecast at a record level of 719.9m tonnes, up 1% y-o-y. Milling wheat prices fell on LIFFE Paris (-10%).

    Ingredients

    The US almond crop for 2014 is estimated to be down 15% y-o-y causing prices to rise this month in the US (+17%) and Spain (+16%). Hazelnut prices were up significantly in Turkey (+23%) due to low supply. Desiccated coconut prices fell (-3%). Turkish dried apricot prices were also up (+15%), on average, as supply is short following frosts earlier in the year. Greek currants were down (-10%) in the UK while US raisin prices rose (+10%), due to continuing concern over drought in California. Turkish raisins fell (-6%), as did Turkish sultana prices (-4%) in the EU.

    Vegetables

    Potato prices, in Europe, continued to fall due to ideal weather conditions during the growing period. The UK was down a further (-3%), as the harvest continues throughout the continent. EU onion prices continued to decline (-24%), as Spanish onions had favourable dry growing conditions, which resulted in an increase in supply.

    Meat & Poultry

    Deadweight beef prices in the EU, remained stable but beef prices in the UK rose due to increased consumer demand. There have been good production levels in 2014, but favourable weather conditions created more demand for beef to be used in barbeques. Deadweight pork prices in the EU declined while prices in the UK were stable (0%). UK deadweight chicken prices increased (+2%) and prices increased in both Brazil (+8%) and Thailand (+5%).

    Milk & Dairy

    EU milk production continues to seasonally decline, although remains up y-o-y. EU butter prices fell a further (-2%), SMP and WMP prices continued to drop (-8%) while cheddar cheese prices stabilised. (0%). EU shell egg prices increased (+3%) and processed egg prices in the EU also increased, with whole liquid egg up (+13%), liquid yolk (+10%) and liquid egg white (+4%).

    Energy

    Prices for Brent crude oil continued to fall on ICE London (-6%), due to good supply expectations and reduced demand from European and Asian refineries. Prices for petrol in EU fell (-6%) and diesel (-6%), in line with crude oil prices.

A Warm Welcome to BAKO North Western.

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 50 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 Contact 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 50 years food service experience to the bakery industry, food manufacturing and customer focussed food industries.

Why not join us today, call 01772 664300