Price of a loaf is set to soar 20% within weeks as wheat prices hit nine-year ...
Price of a loaf is set to soar 20% within weeks as wheat prices hit nine-year high, experts warn Rising wheat prices have hit breadmakers and will lead to price hikes in shops The price of a loaf could rise 20 per cent due to price rises in its production Transport fuel costs and gas for ovens have also caused this inflation of prices
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The price of bread could rise 20 per cent in the next few weeks as wheat prices hit a nine-year high, industry chiefs warn.
Rising global demand has sent the price of bread wheat up by 26.7 per cent in the past year as other costs rise, including transport fuel and gas for baking ovens.
Some of this will be absorbed by retailers but higher price tags on supermarket shelves are unavoidable, say experts.
Rising wheat prices alongside soaring fuel costs mean that prices of the basic foodstuff are likely to rise for consumers in the coming weeks
