Bread prices to rise 20% in wake of poor global harvest

The price of bread is set to rise in 2013 as millers, bakers, and retailers feel the knock-on effect of poor global wheat harvests.

One of the largest wheat millers in the country, Valeo Foods, which owns flour brand Odlums, confirmed that wheat prices would continue to rise next year.

“Wheat prices have increased due to the drought in the US and wet weather in Europe,” said a Valeo spokesperson.