2011 Annual Report - The Commerce Commission

4.5 Ex-factory Wheat /Flour & SharpDuring the period, two reviews were carried out on Wheat & Wheaten products (Flour & Sharp). The first review was carried out in April, 2011 andresulted in an increase in Ex-factory wheaten price by 9% -13%. Due to the huge increase, a staggered approach was employed with the initial increaseof 6% in April and then a further 7% increase in flour and 3% increase in sharp in June 2011. The October review saw a decrease in the price of flourand sharp by 15%.Table: 21 Ex-factory Wheat/ Flour/ Sharp ReviewReview Period (Date) Package December 2011 (06/12/11) June 2011 (15/06/11) April 2011(18/04/11)Flour(Normal)Per kg $1.20 $1.41 $1.32Per 1kg pack $1.28 $1.51 $1.42Per 2kg pack $2.43 $2.86 $2.68Per 4kg pack $4.94 $5.82 $5.45Per 5kg pack $6.02 $7.08 $6.62Per 10kg bag $12.12 $14.26 $13.34Per 25kg bag $29.35 $34.53 $32.29Per 50kg bag $58.09 $68.34 $63.86SharpsPer kg $1.22 $1.43 $1.40Per 1kg pack $1.30 $1.53 $1.49Per 2kg pack $2.47 $2.90 $2.84Per 4kg pack $5.01 $5.89 $5.76Per 5kg pack $6.10 $7.18 $7.01Per 10kg bag $12.29 $14.46 $14.12Per 25kg bag $29.76 $35.01 $34.19Per 50kg bag $58.91 $69.30 $67.67Percentage Change Decrease in prices by 15%. 7% inc in flour and 3% inc in sharp 6% inc in flourand sharpPage218of236