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 October Closed October
    Dollar 1.30 1.22
    EURO 1.175 1.11

    Softs

    Sugar prices on London ICE (+10%) rose on the back of reports which showed Cocoa bean prices fall on the ICE US (-8%) and London ICE (-6%), due to expectations that the global market will experience a supply surplus in 2016/17.

    Rainfall in West Africa since August is expected to help production recover, after last season’s droughts reduced the size of the crop. Both cocoa powder (+5%) and butter (+2%) rose in the UK.

    Oils and Fats

    Soyabean oil prices rose in Rotterdam (+5%) while rapeseed oil prices rose (+12%), due to concerns that dry weather seen in the EU could adversely impact early crop development.

    Palm oil prices remained stable in Rotterdam (0%) to lower demand caused by higher y-o-y prices.

    Coconut oil prices fell in Rotterdam (-4%).

    Extra virgin olive oil prices rose in Italy (+12%) and remained stable in Spain (0%). Lampante oil prices fell in Spain (1%).

    Grains

    Milling wheat prices rose on CBOT US (+8%), in Germany (+3%) and the UK (+2%). Prices of oats increased on CBOT US (+16%) but fell in Finland (-1%).

    Ingredients

    Turkish hazelnut prices have continued to fall (-13%), due to extra supply from the harvest which commenced in August. In the almond market, prices have increased in the US (+8%) due to increased shipments from California, the major almond producing state. Elsewhere, almond prices increased in Spain (+5%).

    Turkish sultanas fell (-4%), due to favourable weather conditions, increasing this seasons harvests. In the US, raisin prices increased (+1%). Turkish dried apricot prices increased (+1%) while desiccated coconut in the Philippines also increased (+1%).

    Dairy

    EU dairy prices have continued to increase in October, due to falling milk supplies limiting dairy production and increasing costs for processors.

    Average EU butter prices increased in October (+8%) with the largest increases in Poland (+14%) and the UK (+6%).

    In the EU increases were seen in both the SMP (+5%) and WMP markets (+4%). EU shell egg prices increased (+3%) with prices mixed across major producers and liquid egg prices also increased (+4%).

    Energy

    Brent crude oil prices on ICE London increased (+11%) after OPEC members agreed to cut production for the first time in 8 years.

    EU diesel rose (+13%) as supply fell due to refinery maintenance and lower imports. Petrol prices rose in the EU (+7%) due falling 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