In late October 2021 AHDB reported pricing of wheat had surpassed all previous recent highs, on the back of tight supply and rising demand.
'Tight global wheat supply and demand continues to strengthen UK ex-farm feed wheat prices. Ex-farm barley prices have also continued to track wheat gains. With a tight UK supply and demand outlook for barley, price rises over the month have been larger than that of wheat to narrow the discount. On 21 October, the discount of barley to wheat totalled £11.60/t, down from £12.90/t on 23 September. Issues with logistics and lack of liquidity in supply may also be playing into price gains for barley.'
Read more here https://ahdb.org.uk/news/feed-grain-report-28-october-2021
Has this price increase already impacted your bakery?