Bread prices set to soar in coming weeks

Since September, wheat prices have increased by about 70%, and about half of that increase (about 35%) came in the last few weeks.

Bread prices are expected to soar in the coming weeks as the crisis in Ukraine pushes up the cost of wheat and energy.

But Alex Waugh, director of the National Association of British and Irish Flour Millers, said Ireland’s supply was not currently in jeopardy as the country imports most of the wheat and flour used for bread from the UK, Germany and Canada. Ireland produces very little of the wheat it uses to make bread.