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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.

Bold and urgent action required on obesity – that means a sugar tax, say UK MPs

A report by health select committee MPs has called for bold and urgent action on child obesity, which includes a sugar tax - but industry has slammed the report as...

Russia imposes trade sanctions on Turkish food products

The Russian government has imposed sanctions on food imports from Turkey in protest after a Turkish jet shot down a Russian warplane, stepping up the unofficial sanctions of last week.

UBM says security and comfort of attendees is ‘paramount’; registrations up 6%

32 firms pull out of FiE in wake of Paris attacks

Around 32 of 1400 exhibiting companies (3%) have pulled out of the industry event Food Ingredients Europe (FiE) next week in Paris following the city’s fatal attacks, despite efforts from...

Food retailers to shun ‘wasteful’ ‘Black Friday’

Online food retailer Approved Food has backed Asda in its decision to shun ‘Black Friday’, which it warned could add to the UK’s food waste problem.

Small suppliers ‘main casualties’ of price war

The supermarket price war has hit small food manufacturers hardest, squeezing profit margins by more than a third, according to law firm EMW.

Loud and proud: EU handouts to help European agri-food products stand out

Over 30 trade-association led campaigns promoting everything from olive oil to fresh meat have been named the recipients of the latest round of EU funding for agri-food products.

UK makes sustainable palm oil strides – but will it make its 100% certified target by 2015?

UK palm oil imports were 72% sustainable in 2014 – up from 55% in 2013, according to an annual progress report from the Department for Environment, Food and Rural Affairs (DEFRA).

News in brief

Strong pulse: UN’s International Year of Pulses targets trade boost

The United Nations (UN) is promoting the nutritional benefits of pulses through a year-long initiative.


Are chocolate bars really getting smaller? Researchers compare historic packaging

An online marketing company has analyzed scans of vintage bars to discover if the most popular chocolates in the Western World have been shrinking.

EU misspent €6.3bn in 2014

The EU misspent €6.3bn in 2014 overall, according to a report from the European Court of Auditors that called for change. 

Food price index rises on back of bad weather: FAO

Major food commodity prices rose in October, spurred by weather-driven concerns about sugar and palm oil supplies, according to the UN Food and Agriculture Organisation (FAO).


Barry Callebaut sees profits fall despite sales growth

Barry Callebaut lowers its growth outlook and predicts a challenging year ahead as high cocoa prices and high finance requirements hit 2014/2015 profits - despite solid sales growth.

EU sugar reform will damage public health, warn researchers

The EU sugar reform will harm public health by flooding the market with cheap sugar and tempting manufacturers to reformulate – an agricultural policy that takes into account public health is needed,...

Public Health England report: Key points and reactions

"No single action will be effective in reducing sugar intakes," concludes Public Health England's report which recommends cutting price promotions, junk food advertising and setting a sugar tax. We look at...

News in brief

DuPont announces price rise for locust bean gum

DuPont has announced it will raise the price of locust bean gum following a poor carob harvest in the Mediterranean basin this year and critically low stocks. 

Free trade advice boosts UK exports to over €1 bn

Record numbers of British businesses are taking free advice from the government's investment body - meaning exports have reached over one billion euros in the past two years. 

EFSA delivers long-awaited safety assessment despite data craters

EFSA on insects: Pathogens harmful to humans most likely from farming

The European Food Safety Authority (EFSA) has said insect pathogens potentially harmful to humans are most likely to come from rearing and processing not intrinsically associated with the insect itself...

Food prices are staying lower for longer, says FAO

Commodity prices are low and steadily falling according to the FAO – but this boon to food security comes at a cost to farmers and threatens to create a sluggish,...


EC measures 'being prepared' to address low retail milk prices across Europe

The European Commission (EC) is working on measures to combat low retail milk prices across Europe, IDF World Dairy Summit attendees heard.

UK government rules out sugar tax

The British government has no plans to tax sugary drinks, despite an online petition receiving more than the 100,000 signatures required to spark a parliamentary debate on the issue.


Anti-dumping: Will Tate & Lyle pull the trigger on Chinese sucralose?

Concerns are mounting within China’s sweeteners industry over the risk of Chinese sucralose becoming a target for an anti-dumping investigation by the US or EU, according to industry sources.

European juice industry in ‘grave danger’ say French juicers

Extreme weather conditions and a weak euro have pushed the price of some fruit concentrates up by 400% - putting the juice industry in 'grave danger', says French juice association.

Global food price index falls by more than 5% in August

International food commodity prices saw the sharpest fall in nearly seven years as the FAO index plummeted by 5.2% in August.

Tate & Lyle raise price of corn-based ingredients by up to 20%

Tate & Lyle will raise the price of corn-based food ingredients by up to 20% following a European heatwave which has lowered yields.

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