Summary
"It's not $10 to us. A third of the cost goes to freight and transport costs and then add pesticides and fertilizers to that and we're back to $6 for a bushel," she said. "Higher selling prices will help our base, but companies are also pushing up their prices so our costs increase."
"Flour has gone up tremendously over the last year. It's really unbelievable that we have to pay this much, and it looks like prices are only increasing," [Arthur Gunn] said. "The price of a 20-kilogram bag of flour has gone up by four dollars over the year, and we've had to mark most of our bread up by about 25 cents.""These are record price levels we're seeing now, and depending on growing conditions next year, there's nothing to say that we couldn't hit higher levels in the new year," he said.See the full content of this document
Extract
Wheat Price Hits Historic Mark
Consumers to feel the pinch as world supply drops to 30-year low
By Chris WebbWHEAT has broken the $10 per bushel mark for the first time in history. And while that's g...See the full content of this document
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