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Our bakery customers may have noticed that prices for flour and other food products have been increasing substantially.
We recently decided that we needed to inform our customers about the state of the commodities market. The commodities markets are not direct indicators of the prices you pay for your ingredients. Commodities are the raw ingredients purchased by our suppliers, and must be processed into the ingredients that you eventually purchase from us. Production, packaging, transportation, marketing, distribution, and other expenses ultimately become part of your ingredient costs.
Valley Bakers Cooperative Association works hard to reduce your costs. We can help significantly to lower your distribution costs. And the cooperative provides additional services to your business. We believe it is our responsibility to help you understand what is happening to your ingedient costs.
Read our 02/21/08 report: The Commodities Market is Going Crazy
We offer several links to outside resources that you may find helpful.
BakingBusiness.com is a "grain-based foods information" website. They offer a free email newsletter with the latest industry news. Subscribe or cancel using the "Free ENewsletters" link in upper left portion of their website.
Commodity News For Tomorrow is a complimentary daily commodities email newsletter provided by the
CME Group in partnership with
Dow Jones & Company. It is free. Subscribe or cancel at
www.cbot.com/commoditynews
The Washington Post 03/01/08 story: Soaring Food Prices Putting U.S. Emergency Aid in Peril
Earth Policy Institute story:
Why Ethanol Production Will Drive World Food Prices Even Higher in 2008
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