Bakery Suppliers and Catering Suppliers

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Trade account holders can place their orders on line 24 hours a day 7 days a week making ordering from BAKO even easier. Find out now how easily ordering online from BAKO can be.

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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 February 2017

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

    FX Rates

    Currency against Sterling Opened January Closed January
    Dollar 1.23 1.17
    EURO 1.25 1.16

    Soft Commodities

    Sugar prices fell on London ICE (-6%) and ICE US (-5%), over growing confidence that global production will exceed consumption in the 2017/18 season. Tea prices fell in India (-3%), Kenya (-2%) and Sri Lanka (-1%). Cocoa bean prices fell on both London ICE (-8%) and ICE US (-7%), due to expectations that the global market will experience a supply surplus in the current 2016/17 season. Cocoa butter (-14%), and powder (-6%) prices also fell in the UK. EU molasses remained stable (0%).

    Oils and Fats

    Soyabean oil prices rose in Rotterdam (+4%) and Argentina (+1%), however fell on CBOT US (-3%). Rapeseed oil prices rose in Canada (+8%) and Rotterdam (+5%), as concerns over tight global supplies pushed prices higher. Palm oil prices rose in Malaysia (+5%), Rotterdam (+5%) and Indonesia (+3%). Palm kernel oil prices also rose in Rotterdam (+14%), Malaysia (+10%) and Indonesia (+7%), climbing to five year highs as production is expected to remain tight until the second half of the current season. Coconut oil prices rose in Rotterdam (+6%) and the Philippines (+1%). Subdued by this seasonís record production, sunflower oil prices only rose slightly in NW Europe (+1%) and Ukraine (+1%), while remaining stable in Argentina (0%) and Russia (0%). Extra virgin olive oil prices rose in Spain (+4%), but remained stable in Italy (0%). Lampante oil prices rose in Spain (+4%) and linseed oil prices increased in Argentina (+1%).

    Grains

    Maize prices fell on CBOT US (-3%), in Argentina (-2%) and in Brazil (-2%), however remained stable on Euronext Paris (0%). Milling wheat prices fell on CBOT US (-5%), ASX Australia (-2%) and Euronext Paris (-1%), due to an upward revision in 2016/17 production forecast. However, milling wheat prices increased in Germany (+3%) and the UK (+1%). Feed wheat prices rose in the UK (+2%), remained stable in Hungary (0%) and fell on ICE Europe (-2%). Durum wheat prices fell in France (-6%), Italy (-6%) and on ICE Canada (-3%), however remained stable in the US (0%). Barley feed prices fell on ASX Australia (-8%), remained stable on ICE Canada (0%), but rose in France (+3%) and Germany (+3%). Basmati rice prices rose in India (+2%), due to adverse weather conditions, but fell in Pakistan (-1%).

    Ingredients

    (-2%). Peanut prices rose in Argentina (+3%), Brazil (+2%) and the US (+2%), due to high demand from crushers in China and a fall in supplies from the US. Cashew prices fell in Vietnam (-9%), while pine nut prices fell in China (-6%). For dried fruit, sultana prices fell in the EU (-4%), however remained stable in Turkey (0%), and increased in China (+1%). In Turkey, dried apricot prices fell (-6%), while raisin prices also fell (-1%). For spices, black pepper prices rose in Indonesia (+12%), Malaysia (+7%) and Vietnam (+3%) however, remained stable in India (0%). White pepper prices also rose in Indonesia (+11%) and Vietnam (+2%), however fell in the EU (-2%) and Malaysia (-2%).

    Milk & Dairy

    Butter prices rose in the EU (+2%), as milk fat supplies remain low. Butter prices rose in Poland (+12%) and France (+4%), remained stable in Belgium (0%) and Germany (0%), but fell in the UK (-2%). In addition, butter prices rose in the US (+7%) and New Zealand (+2%). Prices for cheese in the EU rose for Emmental (+8%), Edam (+6%), Italian Parmesan (+4%) and Gouda (+1%), however remained stable for UK Cheddar (0%). Elsewhere, US cheese prices fell for mozzarella (-8%) and cheddar (-4%). SMP prices fell in the EU (-1%), due to volumes being released from the private intervention scheme. SMP prices rose in the US (+8%), but fell in New Zealand (-2%). WMP prices rose in the EU (+5%), with prices up in the Netherlands (+10%), Belgium (+9%), France (+4%) and Germany (+4%). Shell egg prices rose in the EU (+6%), caused by a fall in egg layer numbers as a result of bird flu outbreaks. EU shell egg prices rose in France (+10%), the Netherlands (+10%), Germany (+8%), the UK (+5%) and Italy (+3%). Prices for processing eggs in the EU rose for egg white liquids (+17%), egg whole powder (+4%), egg yolk liquids (+3%) and egg yolk powder (+2%).

    Energy

    Brent crude oil prices in ICE London (+12%) and light sweet crude oil prices in NYMEX US (+11%) rose, due to OPEC and non-OPEC producers agreed to cut production for the first time since 2001. The new deal will cut production by 1.2m barrels a day (bbl/d) for the first six months of 2017. Diesel prices rose in the US (+11%) and the EU (+10%), due to a fall in stocks. Petrol prices rose in the US (+14%) and the EU (+10%) on the back of rising crude oil prices. Gas oil prices rose on ICE EU (+10%). Natural gas prices rose in NYMEX US (+5%), due to higher demand with the onset of colder weather. However, natural gas prices fell for Bacton terminal NBP (-5%) and on ICE London (-5%) with the return to service of the Rough storage site. Coal prices rose in the US (+7%), but fell in the EU (-3%).

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