have a look, this is pizza flour being packed into large bags but also flour that you might use at home for baking, even flour that has gone into the toast you might be eating today. because wheat and the flour that is made from it, 85% of what we consume in the uk is actually produced here and 15% is imported. but what happens is, when there is any fluctuation of global prices, it affects the prices everywhere and because russia and ukraine export around a quarter of the wheat that moves around the world, well, the price of a bushel which is what wheat is measured in, that has gone up by more than a third, by 38%. and so businesses everywhere that deal with wheat and flour are feeling it. let s speak with david because this was not the first time you have had to absorb an increase in prices. just compare because there was a poor harvest last year, price rises in september, so last year, so what are you having to pay now for your raw material, for that wheat?
of the chinese government, in the way in which social media is controlled. also, it s having the effect of swinging large parts of the chinese population in behind the war effort. the war in ukraine continues to have an impact on the global economy and worse is expected. the conflict is affecting fuel prices, gas prices and food supplies so far. since russia s invasion, wheat prices have risen by 38%. hovis, dominos and greggs have all said that they expect prices to rice. our correspondent nina warhurst reports. it s amazing to think that a conflict happening more than 1500 miles from where we are in essex is affecting prices of flour that might end up on your high street. have a look, this is pizza flour being packed into large bags but also flour that you might use at home for baking, even flour that has gone into the toast you might be eating today. because wheat and the flour that is made from it, 85% of what we consume in the uk is actually produced
impacting possibly the local pizza that you have. look behind me. that is pizza flour being prepared in essex, or making the flour you might put in your cake or the slice of toast you eat as you wake up this morning. you might wonder why that conflict will impact prices here. here, what they do is grind, save, separate the wheat and it starts off as wheat and is moved into flour. most of the wheat consumed in the uk is made in the uk but a quarter of the world s reserves around the globe come from russia and ukraine can bide so any changes their means it affects the wholesale price of wheat. i want to tell you a little bit about why things are changing so much. wheat is traded in something
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