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Trends > Food prices

Food prices

Food prices

With memories of peak prices in 2007-8 still vivid, manufacturers must keep a close watch on commodity markets. Sudden shifts can have a massive, overnight impact on costs - and worsen food insecurity in developing countries.

‘Portion control and re-sealable bags will be the future trends in confectionery’

Post-Brexit raw material costs, portion control and re-sealable bags are key concerns in the current confectionery market climate, according to Scottish private label confectioner Aldomak.

Fashionable shoppers could foil healthy eating guidelines by inflating market prices

Healthy eating guidelines could fall flat as lower income shoppers are increasingly priced out of a market catering for prestige-seekers, a new study suggests.

Survey results

Brexit Poll: Confectionery industry outlook negative after Brexit vote

The majority of ConfectioneryNews readers polled expect the UK’s exit from the European Union will hit sales volumes for their businesses and lead to price hikes for cocoa and sugar....

News in brief

Système U signs agreement with SODIAAL to support French dairy sector

Système U and the French SODIAAL dairy cooperative have signed a partnership to provide what SODIAAL says is fair compensation for milk producers.

Brexit briefings

Big Brexit headache for small business

With the pound on its knees, frozen yoghurt lolly maker Claudi and Fin is staring a 13% price rise in the face next month. “In the short-term we expect to shoulder...

TTIP could bring food safety regulations to a standstill: Report

The controversial trade deal between the EU and the US could give multinational companies increased power to challenge food laws that impact their bottom line, according to an analysis by...

European outcry over ‘discriminatory’ Polish retail tax

A new Polish retail tax has angered European commerce heads who brand the decision “discriminatory” against foreign businesses.

Put the sugar tax on hold after Brexit, says FDF

Industry group, the Food and Drink Federation, has called for the UK's sugar tax to be put on hold due to the economic fragility of the post-Brexit environment - but...

Readers' survey results

What does Brexit mean for your business? It means one third may now relocate outside of the UK

The results are in: We asked FoodNavigator readers what Brexit means for them and their business. Nearly 300 responded  - and almost one third said they are now considering relocating...

Brexit impact

FDF launches six-step manifesto to ease Brexit

The Food and Drink Federation (FDF) has launched a six-step manifesto to help Britain’s biggest manufacturing sector cope with Brexit – the “UK’s most significant peacetime challenge ever”, according to its director...

Comment

Caffeine claim calamity should give nutrient profiles wings

The European Commission has started the first phase of its investigation into the need for nutrient profiles, with a report expected in spring 2017. Yet with the caffeine claim fiasco...

France will trial mandatory country of origin labelling for two years

France will be trialling mandatory country of origin labelling for meat and dairy in prepared foods for two years, a move which has split industry. 

UK dairy recovering after ‘dreadful’ two years: minister

The UK dairy industry may be turning a corner after a “dreadful” couple of years – but Brexit has created nervousness about the future of the market – the food...

Will Italy also debate a sugar and sat fat tax?

A small group of Italian politicians have presented a bill to the Senate proposing a tax on sugary and diet drinks as well as palm oil and industrial trans fats...

Nestlé: Reformulation could stall without EU-wide nutrition strategy

Europe must accelerate efforts to introduce a “holistic nutrition policy”, complete with targets in relation to reformulation, marketing and labelling.

Brexit uncertainty could raise UK food costs - but discount supermarkets may still win

Brexit-borne economic uncertainty could dampen supermarket’s ability to offer cheaper groceries, though worried shoppers could maintain sales figures at hard discounting retailers like Lidl and Aldi, analysts suggest.

Brexit Briefings: Interview

What are Britain's post-Brexit options and how will it impact industry?

Rising food prices, watered-down safety standards, food law dictated by big businesses and a disastrous impact on public health. Professor in food policy Tim Lang looks at the options of...

Food workers union backs Jeremy Corbyn

The Bakers, Food and Allied Workers Union (BFAWU) has voiced strong support for embattled Labour leader Jeremy Corbyn, after a wave of resignations from his shadow cabinet, including food and...

France creates new ice cream trade group

Nestlé, Unilever and General Mills are among the founding members of France's new ice-cream industry group.

French MPs drop palm oil tax - but accuse producer countries of blackmail

French politicians have dropped the proposed palm oil tax, leading some politicians to say the country is being blackmailed by producer countries. "We are legislating with a knife at our throats," said one....

BREXIT

British food firms set to increase trade with US following Brexit vote

UK confectionery and snack businesses may look to ramp up their trade with the US in light of last week’s vote to leave the European Union.

Confectionery to be worst hit UK food sector after Brexit, says Euromonitor

Confectionery volumes are forecast to decline faster than any other packaged food category after the UK voted to leave the European Union.

BREXIT

Brexit fallout: Snack sales face threat of drop in discretionary spend

Sweet and savory snacks will be among the hardest hit UK food categories as a result of the Brexit vote, according to analysts Euromonitor International.

BREXIT REACTIONS

Britain votes to leave the EU: What now?

Britain has voted to leave the European Union and Prime Minister David Cameron has resigned as a result. Across Europe and the UK, the food industry is coming to terms...

'The mass-market approach doesn't work anymore; retailers need to shrink to grow': IRI

Bigger ranges mean bigger sales, right? Wrong. Retailers right across the EU are undergoing a “range re-set programme” and the general target is a reduction of 30%, according to IRI....

Key Industry Events