UK electricity prices have risen due to lower supplies from Europe caused by outages of French nuclear plants. Higher demand for electricity and natural gas in the UK following lower temperatures is also pushing up prices.
An increase in food-grade wheat has reduced availability of feed-grade wheat, pushing up EU feed wheat prices. EU wheat production is expected to fall 10% year on year in 2016/17 to 143.6 million tonnes, 2% lower than the five-year average. Rapeseed oil prices have fallen slightly month on month due to improved weather in Canada and lower Chinese demand.
Thai rice prices have fallen in the second half of 2016, due to lower demand caused by competition from high supplies from Vietnam, India and other major exporting countries.
|Risers||Price in GBP per tonne||m-o-m %||y-o-y %|
|Electricity/Power (In GBP/MWH) (UK)||67||16.3%||76.5%|
|Gas (In GBP/100T) (UK)||50.6854||13.7%||34.2%|
|Copper (LME) (UK)||4298||11.5%||36.30%|
|Palm kernel oil (EU)||1,133||8.4%||113.3%|
|Wheat - Feed (ICE) (EU)||140||4.0%||19.3%|
|Key Monthly Falls||Price in GBP per tonne||m-o-m %||y-o-y %|
|Crude Oil (ICE) (EU)||288||-9.1%||23.8%|
|Sugar (London ICE) (UK)||447.3||-7.1%||69.0%|
|Cocoa beans (London ICE) (UK)||2,067||-5.8%||-8.2%|
|Rapeseed oil (EU)||693.8||-4.1%||36.5%|
|Rice (Class B) (TH)||292.1||-3.60%||19.7%|