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 August 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 June Closed June
    Dollar 1.46 1.33
    EURO 1.30 1.19

    Currency

    The value of the Pound fell dramatically due to the unexpected result of the referendum on the EU.

    This significant change has increased all imported commodities by around 9% in Sterling terms. The percentages quoted below are movements in the traded denominations and is in addition to the exchange rate.

    Soft Commodities

    Sugar prices increased on both ICE US (+10%) and London ICE (+10%) due to unfavourable weather conditions in Brazil. Concerns over the damage caused to the sugar crop by dry weather in India also continued to add upward pressure, as most of the country only received normal rainfall despite the start of the monsoon in June.

    Both cocoa butter (+8%) and powder (+1%) in the UK rose.

    Oils & Fats

    Soyabean oil prices fell in Rotterdam (-3%) as recovering palm oil production eases demand. Rapeseed oil prices fell in Rotterdam (-3%) and Palm oil prices fell (-4%) due to a seasonal recovery in production and low demand.

    Palm kernel oil prices rose in Rotterdam (+8%) due to tight supply of lauric oils. Coconut oil prices also rose (+10%).

    Extra virgin olive oil prices remained stable in Italy (0%), but rose in Spain (+1%). Lampante olive oil prices also rose in Spain (-2%).

    Grains

    Milling wheat prices rose in Canada (+4%), the UK (+2%). Wheat prices generally rose as heavy rains throughout the major growing regions hampered harvests. Oats prices rose on CBOT US (+4%), but fell in Finland (-1%).

    Ingredients

    Prices for almonds from the US increased slightly (+2%) due to improved demand. The initial forecast for the season ahead puts 2016/17 almond production in California up 6% y-o-y. Hazelnut prices were down (-8%) in Turkey.

    For dried fruit, Turkish sultanas increased (+3%) and raisin prices were up(+6%); US raisin prices also rose (+5%). Dried apricot prices fell (-5%) in Turkey as the new season’s Turkish crop is forecast to be at good levels.

    Milk and Dairy

    EU butter prices increased (+11%) in June and have continued to rise into July.

    EU SMP prices continued to increase and were up a further (+3%).

    Cheddar prices rose a further(+3%) in the UK following a slowdown in EU cheese production and higher EU exports to the US and EU egg prices rose (+2%) due to higher feed costs and outbreaks of Avian flu in France and the Netherlands. EU processed egg prices remained stable (0%), with liquid yolk increasing (+3%), whole liquid egg remaining stable (0%) and liquid white down (-4%).

    Energy

    Brent crude oil prices on ICE London rose (+1%) due to continued supply disruptions in Nigeria and Canada along with Chinese crude oil imports rising to their highest level in more than 6 years.

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