Bread Prices to Go UP!

[makapaaa]

Jan 22, 2011

Bakeries raise prices as cost of wheat soars

Weather woes hit wheat output; supermarkets holding prices for now

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<!--background story, collapse if none-->Other commodities cost more too

Soya beans
Soya beans now cost US$880 (S$1,130) a tonne, up from US$600 a year ago.
The reason: Tighter supplies as weather anomalies hit major soya-producing countries such as Argentina and the United States. Earlier this month, the US cut crop forecasts for the year, sending prices to their highest in 30 months.

Sugar
Prices have gone up by 30 per cent in the past year to hit the current $70 for 50kg.
The reason: Again, bad weather in major producers. The floods in Australia, for instance, have led to a 25 per cent cut in export forecast.


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Ghim Moh market stallholder Chua Ah Fong, 46, has raised the price of a 1kg bag of flour from $1.40 to $1.60. Many bakeries have been forced to increase prices. -- ST PHOTO: DESMOND FOO

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MORE than just dough is rising as a global shortage of wheat whips up the prices of bread, cakes and other flour-based products sold here.
Prima, the only flour miller and the largest flour supplier here, has raised prices for the second time in three months.
Read the full story in Saturday's edition of The Straits Times.
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[Watchman]

I guess even the devil will agree with LKY .
That Singaporeans do need a spur on the hinds

 

[Agoraphobic]

Improved technology. Higher disease-resistant yields. Better distribution networks, and yet prices go up?

Thanks to Futures Trading. This is pure gouging.

 

[halsey02]

I guess even the devil will agree with LKY .
That Singaporeans do need a spur on their hinds

Hinds?....'hinds, you mean?...it is spurs on their hides!!

 

[po2wq]

Hinds?....'hinds, you mean?...it is spurs on their hides!!

twaz ... spurs in their hides ...

 

[johnny333]

Improved technology. Higher disease-resistant yields. Better distribution networks, and yet prices go up?

Thanks to Futures Trading. This is pure gouging.

Fuel prices have been creeping up & now food prices. Trust the PAP to contribut to the problem with their rent/utility/public transport increases, business is business after all:(

 

[Agoraphobic]

Fuel prices have been creeping up & now food prices. Trust the PAP to contribut to the problem with their rent/utility/public transport increases, business is business after all:(

Yes. Just about everyone who can up their prices have done so.

Fuel prices should have been going down. Enhanced recovery, more by-products, have created greater profits for the oil companies which should have been spread out. But all that has happened is their executive's salaries have ballooned. It is about time the workers of the world united. If not, then the corporate elites and thier cronies in governments have run away with all the "excess values."

Cheers!