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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 April 2014

    All percentage changes in this report refer to price movements over the previous month - February 2014. A long period of hot and dry weather in Brazil's south-central regions led to price rises in the oils, grains and soft commodity markets. Beef prices in the UK fell as result of retailers switching to cheaper imported beef.

    Up

    • Oats (CBOT US) +11%
    • Coconut Oil (PH) +7%
    • Liquid egg whole +12%

    Down

    • Butter UK - 8%
    • Mild cheddar -2%

    FX Rates

    Currency against Sterling   Opened February   Closed February
    Dollar   1.633   1.67
    Euro   1.22   1.21

    Soft Commodities

    A long period of hot and dry weather in Brazil's south-central regions saw the price of several commodities surge last month. Sugar was up on ICE (+18%) and on LIFFE (+16%) following concerns that the dry weather might reduce crop yields. Cocoa bean prices were unchanged on both LIFFE (0%) and ICE (0%), remaining at their highest levels since September 2011. In the UK, cocoa butter (+5%) and powder (+1%) prices increased reflecting firm demand for chocolate products.

    Oils and Fats

    Prices for most vegetable oils rose, driven by supply concerns in South America and South East Asia. Soybean oil prices rose in Rotterdam (+3%) as persistent hot and dry conditions in Brazil prompted supply concerns. Soybean oil production forecasts for Argentina were reduced to 7.0m tonnes in 2013/14, down 5% from the previous months' estimate.

    Sunflower oil prices also rose, with prices up in Rotterdam (+6%). Rapeseed oil prices rose in Rotterdam (+5%). Palm oil prices rose in Indonesia (+10%), Rotterdam (+9%) and Malaysia (+5%), as demand for palm oil for its use as a feedstock in biodiesel increases. Price trends for lauric oils followed the same trend as other vegetable oils. Palm kernel oil rose in Rotterdam (+19%) and coconut oil prices rose (+9%).

    Grains

    The global wheat production forecast for 2013/14 was lowered by 0.7m tonnes in February to 711.8m tonnes, however this is still an increase of 8% Y-O-Y. As a result, wheat prices in some markets firmed or fell less steeply than in previous months. Increases were seen for milling wheat in Canada (+3%) and on LIFFE Paris (+1%). Oats prices rose on CBOT US (+11%).

    Milk and Dairy

    Volumes of milk collected in the EU are increasing seasonally and are higher than the previous year, leading the price of some dairy commodities to fall, however high demand is keeping some prices at a high level. Butter prices increased in New Zealand (+6%) but were down in the UK (-8%). SMP and WMP prices in the EU saw rises in the UK (+1%).

    Mild cheddar prices in the UK fell (-2%). EU egg prices tended to increase, with rises in Germany (+7%), the Netherlands (+5%) and France (+3%). Processed egg prices were up in the EU, with industrial eggs (+24%), liquid yolk (+17%), whole liquid egg (+12%) and liquid white (+1%) all up.

    Energy

    Prices for Brent Crude Oil on ICE London rose (+2%) driven by improving global economic sentiment. Prices rose in Europe diesel (+1%), influenced by crude oil.

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