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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.

Sugar tops UK food concerns

The amount of sugar in food is the top food concern for UK consumers, according to a Food Standards Agency survey.

Don't count on industry goodwill: Tax for healthy, sustainable food

Don’t count on industry goodwill or informed consumers for a healthier, sustainable food system – it's time to try food taxes, says one report.

UK government pledges £7 billion boost to exports

Over 100 more protected names for British food, more research for food innovation and less red tape will give a £7 billion boost to exports, the UK prime minister says....

Price war fallout to worsen as retailers produce their own goods

Manufacturers are already on the brink but they now face a "nightmare scenario" as more retailers begin producing their own goods, says a market report - so what can industry...

Unilever beats expectations, but warns of ‘negligible’ market growth

Unilever has reported better than expected second quarter results but warned of slow demand in emerging and developed markets alike.

What lessons can be learned from France's price war?

Indiscriminate and widespread price wars do not make sense – but manufacturers must be proactive if they are to survive them, says an IRI report.

‘Excellent news’: Cider campaign welcomes UK Budget pledge to keep duty exemption, contrary to EU directive

The UK government has pledged to retain a duty exemption for small-scale cider makers, a policy that has been threatened by the European Commission. 

Sugar prices falling – even as consumption rises

Global sugar prices have been on a downward trend – and there is no end in sight, according to Rabobank’s latest sugar quarterly.

FAO-OECD: Global food prices set to remain low to 2024

Global food prices are likely to remain low over the coming decade driven by lower oil prices, according to a joint FAO-OECD report.

Russia to extend ban on EU food imports until Jan 2016

Russia has confirmed it plans to extend a ban on Western food imports until early 2016 and may add new products to the list of banned goods, officials have said.

How food industry can boost milk’s value: fortify it

Fortified milk could help to boost the value of milk sales, despite supermarket price war slashing the price of the white stuff to as little as 89p for a four...

Low-income families need to spend one third of income to eat healthily

Low-income families need to spend at least one third of their weekly income on food if they want to eat healthily, a Food Standards Agency survey has found.

European Investment Bank to finance Ukrainian agri-food sector

The European Investment Bank (EIB) has signed an agreement with Ukraine to provide financial support to its agri-food sector and help it benefit from the EU free trade area.

Researchers urge government to ‘seriously consider’ food taxes

The UK government should seriously consider taxing unhealthy foods and drinks to reduce their consumption, a paper from the Food Research Collaboration (FRC) has urged.

Food prices at six year low as cereal prices tumble: FAO

The FAO Global Food Price Index fell to its lowest value since 2009 on as projections for cereal harvests are upgraded causing prices to stall.

Seaweed in focus

What will it take to make Indonesian seaweed competitive?

Indonesia has ambitious plans to add value to its seaweed industry – but its success could depend on the outcome of an ongoing tug-of-war between industry and government.

Comment

Obesity: Are food taxes the answer?

Food taxes were raised again last week as a way to help stem obesity rates – but are they really necessary? And would they work?

News in brief

EU resolution urges action over olive tree bacterium

MEPs passed a resolution last week demanding decisive action to stop the spread of the Xylella bacterium, which has already destroyed thousands of olive trees in Italy.

What can companies actually do to fight the global water crisis?

The WWF report offers industry a five-step plan to tackle global water scarcity and holds up certain food and drink companies for their best practice.

Weak euro threatens food’s export boom

Food industry exports could be hit by challenging exchange rates, calling the sector’s recent growth into question, figures show as one of Britain’s biggest manufacturers urges the UK to leave...

Taxation necessary to offset rising cost of a healthy diet

The price of fruit and vegetables in the UK has tripled in the past 30 years, while the price of ice cream has halved – a pattern being repeated across...

Brand rivalry deepens in post-crisis Europe

Own-brands have enjoyed a boom in crisis-hit Europe, winning new consumers with both price and quality – but big brands are resorting to aggressive pricing and promotions to win back their...

Updated EU-Mexico Trade Agreement will be 'comparable to TTIP'

The EU and Mexico will strengthen their economic ties by modernising the Free Trade Agreement, announced EU trade commissioner Cecilia Malmström and the Mexican economic minister yesterday. ...

FAO: Global food import costs to hit five-year low

Global food import costs are set to reach their lowest level in five years during 2015, even as volumes remain the same or rise slightly, according to the Food and...

Food and drink firms should 'beware bribery threat'

Manufacturers must take the threat of bribery more seriously by putting in place measures to safeguard against it, a legal expert has advised. The warning comes as new figures suggest...

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