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Weekly Market Update 12 th November 2012
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Clifton Buying Group Clifton Buying Group is a leading supply solution business, which specialises in negotiating with suppliers to improve pricing, and reduce costs in order to enhance profits for our clients. Our services are specifically developed for all business sectors including Healthcare, Hospitality, Education and Retail. Clifton Buying Group works with over 2,000 businesses with a combined client spend of over 30 million through a network of over 200 national and local suppliers allowing our customers to make savings across all product categories. At Clifton Buying Group we firmly believe in the personal touch, so as a customer you will work with a dedicated account manager, their role is to work closely with you and your team to ensure you get the most out of Clifton Buying Group. We offer a full purchasing support system, not only do we secure your prices we undertake all invoice checking, market benchmarking, monitor global product trends and supply our clients with full financial diagnostics on a monthly basis. 3 Neptune Court, Hallam Way, Whitehills Business Park, Blackpool, FY4 5LZ Contact: Steve Lawton Tel: 07768 802319 Jonathan Stamp Tel: 07791 796628 Holly Hawthornthwaite Tel: 07867 458931 Office Tel: 01253 607921 Fax: 01253 763400
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Contents Currency Exchange Rate Bread Prices Rocket due to poor wheat harvest Price of Fertiliser Increase GB Potato Seed Supply Back On Track Rice Prices Improvement
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Currency Exchange Rate Source: http://www.xe.com/ CurrencyRate GBP – EUR1.24 GBP - USD1.60 EUR – USD1.29 EUR – GBP0.80 USD – GBP0.62 USD – EUR0.77 29th October 2012 CurrencyRate GBP – EUR1.25 GBP - USD1.60 EUR – USD1.28 EUR – GBP0.80 USD – GBP0.62 USD – EUR0.78 5 th November 2012 Increase/ Decrease = Decrease = No Change = Increase
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Soaring grain prices to put up inflation As grains and soybean prices reach historic highs on the global commodity markets, food price inflation will be firmly back on the agenda in 2013 The price of Soybean is now 27% higher than last year, while wheat is up a staggering 36.4% and maize up by 14.6% The prices of these commodities are primarily as a result of poor harvests and falling stock levels, over the coming months, these high prices will be reflected first in the prices of grain based food products and in the following months in the prices of meat and dairy products
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Wholesale Seafood Prices ProductPrices £/tChange m-o-m Change y-o-y Coldwater Prawns2,969-6.1 %66.2% Skipjack Tuna1,446.21.9%22.4% Jack Mackerel2,3546.3%18.9% Salmon2,577-9.1%5.9% Cod3,97216.1%-6.7% Haddock1,049.119.5%-27.9% Yellow fin Tuna1,7041.1%3.0%
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