Posted: Sun Oct 12, 2008 6:38pm
It will be good to be able to pick up a decent loaf of bread and not have to pay over £2 for it! Even Spanish bread is not that cheap!
It's all down to the cost of flour.
Taken from a newspaper article on rising flour costs.....
The price of flour has doubled in the last 2 months, due to weather problems around the world including 2 years of drought in Australia. Also, farmers are switching to other crops such as canola or corn. The stocks of wheat are at their lowest since the 1970's. The Wheat Board estimates it will take up to 3 years of strong harvests to rebuild world stocks.
So not only will bread increase but we can look to other products such as pizza, pasta etc. going up in price.