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 December 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 November Closed November
    Dollar 1.22 1.11
    EURO 1.25 1.18

    Oils and Fats

    The veg oil complex eased downward slightly at the start of November before firming circa 3% over the month. The long awaited fall of palm pricing remains off the radar at the moment as heavy rainfall in Malaysia and Indonesia persists in what should be the back end of the peak harvesting season.

    Dried Fruit

    The 2016 crop of Turkish sultanas was good and prices remain in the lower end of the market range.

    Brexit brought pressure to bare as the Turkish produce is traded in US Dollars. However, the Turkish Lira remains weak and it is expected that we will see prices remain competitive into the new year.

    Greek currants are in tight supply and the weakness of Sterling combined with a poor crop size has seen prices increasing. One would expect prices to continue to rise.

    Dairy

    Dairy prices have eased down towards the back end of November due to improved Sterling FX.

    An announcement by the EU to release 20,000 tonnes of SMP out of Intervention over coming months has eased forward pressure on supply reducing the spot price by around 5%.

    Bulk butter prices have fallen around 3.5% from their long time high record position of 4000/mt.

    Although easing, the dairy complex is not expected to see any serious reduction until milk volumes increase in spring.

    Energy

    Crude oil prices remained in a fairly flat position with a $45-$48 range. A meeting of OPEC on 1st December delivered an agreement to reduce/control output. This had the immediate effect of increasing Brent Crude prices to $54.

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