More bread for a loaf at Christ­mas

Sunday Mirror (Northern Ireland) - - Talk TV - BY STEPHEN HAY­WARD Consumer Correspondent

BREAD prices are set to go up this Christ­mas as the ris­ing cost of wheat on world mar­kets is passed on to su­per­mar­kets.

Al­lied Bak­eries, which makes Kingsmill and Allinson’s, warned the rise has tipped the com­pany into a loss over the past year.

Since last au­tumn, the world price of wheat has surged by a fifth and is cur­rently £139 per tonne.

Alex Waugh, of the Na­tional As­so­ci­a­tion of Bri­tish and Ir­ish Flour Millers, said UK bread wheat prices are up 20 per cent year on year, mainly “be­cause of the de­cline in value of the pound”.

Mean­while, Mor­risons is the lat­est store to hike prices for pop­u­lar spread Nutella, ad­ding 22p to a 1kg jar, now £5.20, and 20p to 750g jar (£4.20). It comes de­spite a plunge in the cost of hazel nut im­ports.

NO PROFIT For Kingsmill

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