date:Aug 07, 2012
y is entirely on risk for UK wheat prices and can have no recourse to alternative sources of supply, such as Canadian wheat[used by Warburtons].
Investec concluded:If wheat prices remain high, we think it will be in the[bread making]industrys collective interest to seek a price increase in the autumn. So we are not suggesting that the bulk of the potentially higher wheat costs wont be recovered eventually.
But what has hurt Premier in the past has been the potential recovery lags inherent in