Price Surge Reaches France’s Heart As Baguette Makers Pass On Wheat Costs
January 17, 2011 | 1 min to read
“Liberty and baked bread” are all people really need, an old French proverb says. One of those is about to get more expensive as bakeries raise baguette prices to pass on surging grain costs.
“We have no choice,” said Michel Galloyer, whose baguette was voted the best in Paris in 2010. “Wheat prices have exploded. We’ll have to pass on 4 to 5 cents when flour prices start to rise, probably in February.”
The French consume about 23 million baguettes a day — more than 8 billion every year — supplied by 33,000 bakeries and retailers such as Carrefour SA, the National Association of French Millers estimates.
To read the rest of this story please go to: Bloomberg