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 March 2016

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

    FX Rates

    Currency against Sterling Opened February Closed February
    Dollar 1.44 1.32
    EURO 1.39 1.28

    Energy

    Brent crude oil prices increased on ICE London by (+3%) due to speculation that OPEC could begin to cut production in order to stabilise the market, coupled with strong demand for petrol in the US. EU diesel rose (+3%) as production is reduced in order to lower stock levels, while petrol fell (-3%).

    Soft Commodities

    Sugar prices rose on ICE US (+2%), but fell on LIFFE London (-1%). Global sugar production for 2015/16 is forecast at 172.1m tonnes, down 2% y-o-y, however there have been higher than expected levels of sugarcane crushing in Brazil towards the end of the season.

    Cocoa bean prices rose on both LIFFE London (+8%) and ICE US (+5%) as production in the Ivory Coast has been affected by strong Harmattan winds, the worst in 30 years. Cocoa powder prices rose (+2%), but cocoa butter prices remained stable in the UK.

    Oils & Fats

    Soyabean oil prices fell in Rotterdam due to increased crushing in Argentina balancing out high demand. Rapeseed oil prices rose in Canada but fell in Rotterdam (-1%). Palm oil prices increased in Rotterdam (+4%) as production declined in Indonesia and Malaysia due to the delayed result of dry weather conditions associated with El Niño.

    Palm kernel oil prices rose in Rotterdam (+15%) and Coconut oil prices rose (+8%) due to poor yields. A temporarily tight supply due to lower crushing in Ukraine led to sunflower oil prices rising in Ukraine (+11%).

    Grains

    Milling wheat prices fell in the UK (-3%) as wheat production is forecast at a new record high following the good harvest in 2015. 2015/16 production is forecast up 1% y-o-y at 735.7m tonnes.

    Ingredients

    Prices for almonds from the US continued to decline (-16%), influenced by better than expected 2015/16 output in California, the main almond grower. Spanish almond prices were also down (-1%). Hazelnut prices declined in Turkey (-4%) and Spain (-2%), with production in Turkey expected above 700,000 tonnes, following favourable weather conditions in the current season.

    In the dried fruit market, Turkish sultanas fell (-5%), but US raisins were up last month (+2%). Dried apricot prices were down (-2%) in Turkey, the main producer. Desiccated coconut prices declined in Philippines (-2%).

    Milk & Dairy

    Butter prices fell in the EU (-6%), driven by lower milk prices and higher production. UK cheddar prices fell (-4%), driven by high production and stocks. The PSA for EU cheese has been extended until 30th September 2016 to help combat falling EU cheese prices.

    SMP prices were down in the EU (-1%). SMP production remains high due to being the favoured commodity for excess milk production which has driven prices down further. WMP prices fell (-6%). EU shell egg and liquid egg prices remain stable (+0%).

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