Photo: Getty ImagesThe price of bread looks set to rise as the shortage of Australian wheat starts to hit this country. New Zealand imports most of its wheat from Australia, and Foodstuffs New Zealand, which owns the New World, Pak’n Save and Four Square brands, has confirmed suppliers have signalled prices for bread are rising. Baking Industry Association president Kevin Gilbert said the price of flour from mills relying on Australian wheat had gone up by up to 27% over the past six months. "We rely on Australian wheat because we don't grow enough in this country to support everything that we need, so it's that massive flow-on effect." Mr Gilbert said the combined effect of increased costs for wheat, transport and dairy was likely to mean the price of bread will go up, "because it can't be absorbed by bakeries just forever".

Source: Otago Daily Times May 21, 2019 20:42 UTC