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Tesco price increases

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    #92
    91011
    Closed Accounts Posts: 1,383 ✭✭✭91011


    wmpdd3 wrote: »
    this is really starting to hit the shops now:

    http://www.tv3.ie/article.php?article_id=42753&locID=1.2.&pagename=news

    don't get too worried by tabloid journalism - August is a slow month for news so they'll try and make hysterical headlines out of anything.

    The raw material wheat prices make up less than 15% of the final bread price (cost of factory, ovens, heat, wages, delivery, all have to be added), so a 40% increase in reality would mean about 6-8% increase in retail price.

    Also, this is a temporary increase due to this year's crop failure in Russia and parts of Europe. Chances are next years crop will come on as normal.


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    #93
    Corsendonk
    Closed Accounts Posts: 3,871 ✭✭✭Corsendonk


    91011 wrote: »
    The raw material wheat prices make up less than 15% of the final bread price (cost of factory, ovens, heat, wages, delivery, all have to be added), so a 40% increase in reality would mean about 6-8% increase in retail price.

    Also, this is a temporary increase due to this year's crop failure in Russia and parts of Europe. Chances are next years crop will come on as normal.


    You forgot the supermarket markup? Which will increase when they have to raise the price due to wheat prices:) We normally use wheat from Canada and the USA to make bread in Ireland.


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