The Price of Wheat Will Effect Pizza Prices 

When most people think about something that is going up in price, they immediately draw one conclusion, gasoline; however, recent environmental, agricultural and economical trends have brought another commodity to the table, wheat.

Wheat is integral to our economy. Flour makes all-around favorite like bread, pasta and of course, the undisputed king of culinary consistency, pizza. On the Web site for the U.S. Commodity Futures Trading Commission a press release, posted Feb. 8, commented on the approval of several amendments to increase the daily price limit on wheat contracts to 60 cents per bushel, up from 30 cents per bushel — with a further hike to 90 cents per bushel if necessary. This basically sets the maximum price advance from the previous day’s closing price.

This entry was posted on Tuesday, February 26th, 2008 at 9:05 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.