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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.

IOP welcomes more investment to underpin £28bn food industry

As the UK’s relationship with the EU evolves, the Institute of Physics (IOP) has called on the UK government to make the food industry a priority to remain economically competitive....

Scottish aquaculture industry launches €4bn growth plan

Scotland's biggest aquaculture players have come together to launch an ambitious growth strategy that aims to double the economic power of the industry to £3.6 billion (€4.02bn) by 2030.

Switzerland is on 'nose-to-tail' mission to make meat-eating more sustainable - and profitable

Pork hock, beef brisket and chicken legs used to be valued cuts of meat in Europe but now often end up as pet food. Swiss meat group Proviande has launched...

Embrace organic, say experts, who predict 9.2% growth

Sales of organic food will grow almost three times faster than non-organic, according to forecasts by Rabobank.

UK government launches food and drink export plan to boost economy by €3.5bn

A governmental strategy to encourage companies to export UK food and drink products worldwide could give the British economy a much-needed boost of almost €3.5bn.

EMB bemoans high milk production cost in Luxembourg

The European Milk Board (EMB) says that 35% of milk production costs in Luxembourg are not covered, after the country was added to those nations analyzed by the Büro für...

FPC urges UK Government to revise fruit & veg trading terms, post-Brexit

The Fresh Produce Consortium (FPC) has warned of an ‘unsustainable trading environment’ post-Brexit in which escalating supply chain expenses would ultimately mean higher food costs. 

Euromonitor Quarterly Statement Q3 2016

‘Post-Brexit consumers may move to lower-priced confectionery, reversing premium chocolate trend’

Brexit is unlikely to have a dramatic effect on confectionery sales, with the quarterly update showing a 2% reduction in volume sales by 2020, according to Euromonitor.

News in brief

Nestlé lowers full-year sales outlook

Nestlé has lowered its full year outlook from 4.2% to 3.5% as it feels the effect of a deflationary market.

130 cities unite to tackle urban food challenges

A UK project to tackle childhood obesity and Riga’s green treatment of food waste are two of the first initiatives to come out of a pledge to collaborate on food...

Union anger at Northern Ireland milk prices

Ulster Farmers’ Union (UFU) president, Barclay Bell, says dairy farmers in Northern Ireland are frustrated and angry at what he says is the derisory milk price increase delivered by local...

Unilever & Tesco close 'Marmitegate'

Unilever and Tesco have resolved their dispute over price increases for brands such as Marmite, but both are remaining tight-lipped over details of the deal.

Niche beef could charge more for 'greener grazing' labelling

Niche beef products could fetch higher prices by carrying a proposed label which shows the cattle was raised with environmentally-friendly grazing methods, researchers say.


Brexit bites: Marmite maul will spread far beyond Unilever-Tesco

The spat between Marmite-maker Unilever and supermarket Tesco has made many of the front pages in the UK this morning, but this spreads much further than these two gorillas of...

Sugar market reforms could leave bitter taste, and now is the time to prepare

Food and drink companies expecting the sugar price to fall once quotas disappear might have a nasty shock, according to Rabobank’s latest forecasts.

Achtung baby, the next step is court: Amazon’s e-commerce hopes could be Dash-ed

Amazon's Dash button does not comply with German law, says the country's consumer group, which has issued the online retail giant with a warning and intends to take Amazon to...

Tetra Pak: Top 10 markets for 100% juice, 2015 & 2018

The top 10 markets for 100% juice have declined over the last three years, with the exception of China, which has seen CAGR of 11% between 2012 and 2015, according to Tetra Pak.

Private label success secrets: Come together or die unsatisfied

Retailers and suppliers need to collaborate more closely if they are to be successful in providing private label products that consumers really want, according to a private label management firm, TraceOne....

Müller raises November milk prices

Müller has raised its UK average milk price by 1.5ppl (2 cents), giving a contract price of 20.94ppl (26.8 cents).

NFU Scotland says milk buyers ignoring higher prices

National Farmers’ Union (NFU) Scotland is calling on all Scottish companies purchasing milk to immediately recognize the strength of current dairy markets and return Scotland’s dairy farmers to profitable production....

Switzerland and Canada expand organic trade deal

The Swiss and Canadian governments have recognised the equivalency of their organic standards for multi-ingredient processed products.

Ireland launches national obesity plan

The Irish government has launched an ambitious national obesity plan which proposes a sugary drinks tax, maximum portion sizes, marketing restrictions and reformulation targets - but the lack of funding...

Good-quality crop and French woes set to boost exports of British wheat

UK milling wheat is set to benefit from a good-quality harvest – and strong demand from Europe as the French crop falls to a 10-year low.

'Win the screen': Mondelēz global e-commerce director shares online retail tips

Online impulse purchasing is about knowing your shoppers and making an offer that “would speak to them at exactly the moment that they’re on that webpage," says Mondelēz’s global e-commerce director, Neil...

Millennials are behind Europe’s online retail boom, says Mintel

Young Europeans are fuelling the growth in online grocery shopping across Europe, according to new data from Mintel.

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