The price of bread grain in the UK is at record level

Published 2022년 1월 8일

Tridge summary

UK bread wheat producer prices have reached a record high of £276/tonne (€326.34/tonne) for December delivery, the highest since electronic registration began in January 1990. This increase is due to a perceived market shortage and a rise in domestic feed wheat prices. While this may not directly lead to an increase in the price of bread in supermarkets, global supply issues and bad weather in Australia could continue to drive up wheat prices. However, it's important to note that the price of bread is influenced by various factors beyond the price of wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the UK, producer prices for bread wheat reached new levels this month, with an average price of £ 276 / tonne (€ 326.34 / tonne) for December delivery. There has never been an example of such a price, at least since January 1990, when electronic registration began. According to Alice Jones, chief analyst at the Agriculture and Horticulture Development Council, the spread on bread wheat for feed wheat is still significant at 49-50 pounds per tonne (€ 57.94-59.12 per tonne), but only the 13th highest in electronic records. . According to Jones, this shows that the rising price of domestic feed wheat has contributed to the rise in the price of bread wheat and can also be seen as a reaction to the perceived shortage in the market for whole wheat bread. As a result, this alone will not necessarily cause the price of bread to rise on supermarket shelves, he said. However, the scarce global supply has continued to support wheat prices in recent times, and the recent bad weather in ...
Source: Magro

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