Bakers Journal

News
Red Star and Lesaffre raising prices


May 8, 2013
By Bakers Journal


May 8, 2013, Canada – Red
Star Yeast Company and Lesaffre Yeast Corporation announced today an increase
in Canadian fresh and dry yeast prices, as well as a variety of baking and food
ingredients, effective May 1, 2013, or as existing contracts expire.


John
Riesch, president of both companies, stated in a news release: "Despite gains in productivity
and efficiency gained through aggressive capital investment programs over the
last few years, rapidly rising commodity and ingredient costs related to the
volatile US agricultural markets, plus distribution expenses, have to be addressed
through price adjustments."

"I
am keenly aware of the multiple cost challenges facing our key bakery market;
therefore, our pricing action is short of the added cost of yeast and ingredient
processing for the coming year," he added. 

Fresh
compressed yeast will increase two per cent per pound, and dry baker’s yeast in all forms
will increase three per cent per pound. Baking and
food ingredients will increase on average five per cent.

Customers
should check with their local or assigned sales representatives for details of
the new price program or any other assistance that is needed.