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 to September 2015

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

    FX Rates

    Currency against Sterling   Opened June   Closed June
    Dollar   1.56   1.554
    Euro   1.413   1.416

    Soft Commodities

    Cocoa bean prices rose on LIFFE London (+1%), but were stable on ICE US (0%). Heavy rainfall in some key growing regions in the Ivory Coast delayed drying and disrupted transport, raising concerns about restricted supplies. Cocoa powder (+4%) and cocoa butter prices (+4%) rose.

    Oils and Fats

    Soyabean oil prices fell in South America but rose in Rotterdam (+1%) driven by forecasts for an increase in production and ending stocks in 2015/16. Palm oil prices fell in Rotterdam (-4%) due to reduced demand for biofuels following the recent decline in crude oil prices. Palm kernel oil prices fell in Rotterdam (-2%) and Rapeseed oil prices remained stable.

    Extra virgin olive oil prices increased in Spain (+5%), due to concerns over poor production in 2015/16 and tight stocks.

    Grains

    Milling wheat prices rose in Canada (+7%), Germany (+6%), the UK (+3%) and on LIFFE Paris (+1%) due to ongoing dry weather in early July; but prices were stable on CBOT US (0%). Oat prices fell in the UK (-2%).

    Ingredients

    Ongoing production issues in California, the main producing region, pushed almond prices up (+2%) in the US. US almond production is forecast to decline 3% y-o-y due to ongoing water shortages. For dried fruit, Turkish dried apricot prices fell (-5%) but sultanas were up (+3%) and raisins (+2%).

    Meat & Poultry

    Average EU deadweight beef prices increased (+1%) and rose in the UK (+7%), after remaining stable for two months, due to increased summer demand. Deadweight EU pork prices were down (-2%) on average and EU deadweight chicken prices were down (-1%) on average.

    Milk & Dairy

    Average fresh milk prices decreased in the UK (-2%), butter prices fell in the EU (-2%) and SMP in the EU declined (-3%) due to high production, however prices did increase in the UK (+5%). World cheddar cheese prices fell (-1%), with the biggest fall seen in the UK (-4%) and the US (-4%).

    EU egg prices continued to increased (+4%), due to reduced supplies, driven by outbreaks of Avian Flu in the EU and US. Large increases have been seen in the UK (+14%). Prices declined in Germany (-8%) and the Netherlands (-2%).

    Energy

    Brent crude oil on ICE London fell (-12%) due to increased production for both OPEC and non-OPEC regions. There are concerns about Iranian oil adding to the global supply glut, with sanctions being lifted after a nuclear deal was reached between Iran and six world powers in July. EU wholesale diesel fell (-12%) and petrol (-18%).

    Metals

    Aluminium on the LME fell (-4%), due to large global supplies.

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