Fat Inflation

[Willy Wonka]

Prior to the inflation figures of 3.1% I posted some details about Fat prices and the possible effects on food prices / general inflation.

Of course though not as exciting as Oil, Energy prices etc etc Fat (oil's) is where its at!?!?!?!

At the start of the year Palm prices were roughly 400 a ton at the time of my last post, in March think, the price had risen to 620 ish.

The price yesterday was 820 a ton!!!!!

Soya Oil was about 550 Eruo at the time of my last post and it is now 600 Euro.

Now of course large manufacturing companies have forward positions for several months, but as I said in March, they are having to bite the bullet and buy and push the prices upl.

Palm oil is used in everything from Candles to Shampoo to fillings for those little chocolate delights etc etc. chip oil,

I think that the last inflation report did mention that food prices were one of the areas that had increased in value in the last month, I think said for the April figures. (I am sure someone here will confirm)