Having owned a bakery for a number of years, I can understand the plight of these guys.
Flour Power Sends Bread Prices Rising
Higher wheat costs will take larger slice out of wallets
Calgarians will soon fork over more dough to buy a loaf of bread as several local bakeries prepare to boost their prices in the face of punishing cost increases.
With soaring global grain prices, bakers have seen their flour expenses grow significantly in the past year.
Wheat contracts hit an all-time high of $25 a bushel on the Minneapolis Grain Exchange, while futures hit $12.15 on the Chicago Board of Trade on Monday.
The situation has led some bakeries to boost the price for their baked goods and stores like Rustic Sour Dough Bakery said Monday they will charge more for bread beginning in late March.
The 17th Avenue bakery's flour costs have more than doubled since last summer, from about $8.60 for a 20-kilogram bag of unbleached white flour to $17.40 per bag today.
"It looks like I will have to bring in an increase," said Jos Rehli, owner of Rustic Sour Dough, who said the increase in white flour alone is costing .....
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