Like many UK bakers, food group RHM, who own the Mr Kipling and
Hovis brands, has been feeling the heat from an exceptionally warm
summer driving up wheat prices.
UK Bakers are set to benefit from efficient wheat producers who,
despite lower plantings, have recorded increased yields this year,
according to the National Farmers' Union (NFU).
The International Grains Council (IGC) has been forced to lower
grain estimates announced last month as conditions in the worldwide
grain market worsen.