Cost of living: Bakeries
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 28 June 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
In this Business Daily mini series we're exploring how businesses we all use regularly are being affected by the cost of living crisis. This episode looks at how bakers are coping as the price of grain, dairy and the power needed to heat their ovens, all continue to increase.
Leanna Byrne speaks to bakers in Egypt, France and Uganda – one baker tells us that the price increases she's seeing for ingredients means she should really have doubled her prices. Our French baker tells us the price of butter is a huge issue there and in Egypt we investigate the expense of wheat imports and difficulty sourcing local wheat.
Presenter / Producer: Leanna Byrne Additional production: Olivia Wilson Image: Baker; Credit: Getty
Transcript
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| 0:00.0 | On the podium, the podcast where Olympic and Paralympic athletes share their remarkable personal journeys. |
| 0:07.2 | It makes you proud to have believed until the end. |
| 0:10.9 | Search for On the Podium. |
| 0:12.4 | We're ready to go. We're ready to have fun and ready to party. |
| 0:15.1 | Wherever you found, this podcast. |
| 0:19.2 | Hello and welcome back to Business Daily on our Cost of Living series, where we're looking at how the cost of living is affecting everyday businesses, from the obvious industries to the ones you might not have thought about. |
| 0:31.3 | Today we're going to focus on bakeries. They're businesses that are having to pay out more for its ingredients as a direct result of military action in Ukraine. |
| 0:39.3 | Ukraine and Russia account for just under 30% of the world's wheat export. So the initial problem, |
| 0:44.7 | the initial fear is that wheat won't be able to be harvested in Ukraine. The farming will be disrupted. |
| 0:49.9 | Bacon commodities like flour, sugar, dairy and oils are harder to source and therefore more expensive to buy. |
| 0:57.2 | That's not all, though. Energy costs, labour shortages and the cloud of pandemic disruption still lingers on. |
| 1:04.3 | Those prices have not only affected the product being sold, but they have also led to exit of some businesses. |
| 1:11.0 | That's all coming up on Business Daily from the BBC World Service with me, Leanna Byrne. |
| 1:21.3 | I feel like I need a trigger warning at the start of this episode |
| 1:24.3 | because we're going to be talking about one of my favorite food staples, |
| 1:28.9 | carbs. We're going to be talking about bread, pastries, cakes, cupcakes, biscuits, donuts, muffins, |
| 1:36.6 | brownies. Okay, I'm spiraling. I'll stop. Anyway, my point was maybe don't listen to this episode on an empty stomach. Now, let's |
| 1:48.1 | switch gears because normally baked goods would be one of my favorite topics of conversation. |
| 1:53.7 | The fact is that if you're in this line of business, margins are tightening and things are getting |
| 1:58.5 | tough. |
| 2:06.2 | Hi people, welcome to my YouTube channel, Bakery with Asha. |
| 2:11.6 | That's Asha Betanga. She has her own bakery business, Cakley, based in Kampala in Uganda. |
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