Bakery Suppliers and Catering Suppliers

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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 October 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   1.689   1.659
    Euro   1.261   1.263

    Soft Commodities

    Sugar prices increased on ICE (+5%), as global production continues to be greater than demand, but remained unchanged on LIFFE (0%). Cocoa powder prices have also increased (+4%) as have cocoa butter prices (+1%).

    Oils and Fats

    Soyabean oil prices continued to fall on CBOT Rotterdam (-2%), as good weather during the growing period supported expectations of a record us crop. Palm oil prices in Rotterdam fell, (-12%) driven by good supply prospects, although there has been a rally early September as the Malaysian government reduced the export levi to stimulate demand. Palm kernel oil prices were down in Rotterdam (-20%) following the fall in palm oil prices. Rapeseed oil prices fell in Rotterdam (-1%) due to the prospect of a record EU crop. Sunflower oil prices fell in Rotterdam (-9%).

    Grains

    Global wheat prices have been mixed this month due to good global supplies, but differing quality depending on the region. Milling wheat prices rose on CBOT US (+2%), but fell on LIFFE Paris and the UK (-14%).

    Ingredients

    Turkish dried apricot prices were slightly down (-2%), but remain at a relatively high level. Peanut prices rose in Rotterdam (+3%). Turkish raisins were down (-10%), while sultana prices rose (+1%). US raisins dropped in the UK (-1%). Desiccated coconut from the Philippians rose (+2%), but remained unchanged in Indonesia (0%). The spice market saw increases for both black and white pepper, with EU prices for Vietnamese black pepper up (+12%), and white pepper from Indonesia and Malaysia also up (+6%) on average.

    Vegetables

    Potato prices continued to fall on average across Europe with the UK down (-3%) as the harvest commences. Onion prices declined (-23%) on average in the EU as the new season for both yellow and red onions has started.

    Meat & Poultry

    Deadweight beef prices increased in the UK (+3%) due to improved consumer demand. Despite good production levels, favourable weather conditions led to an increase in demand for beef to be used in barbeques. EU deadweight chicken prices were relatively stable (0%), while prices for liveweight chicken increased in Brazil (+11%) and Thailand (+1%).

    Milk & Dairy

    EU milk production continues to outperform y-o-y, but has now entered the seasonal production decline. The ban on imports of EU food, imposed by Russia is having a massive impact on prices with butter, cheese and milk powders falling on a daily basis. EU shell egg prices fell (-3%) and processed egg prices in the EU were varied but fairly stable.

    Energy

    Prices for Brent crude oil fell on ICE London (-3%) due to more stable production from Libya and global production increasing. Prices for petrol (-4%) and diesel (-2%) fell in Europe, influenced by 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