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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.

UK campaigners suggest London soda tax

A suggested 20 pence per litre tax on sugary drinks in London would benefit health and save up to £39 million in healthcare, say campaigners. 

FAO: Global food prices have stabilised – for now

Global food prices have stabilised after several years of volatility, according to the Food and Agriculture Organisation (FAO).

M&A deals to remain strong in 2015

More than £20.2bn was exchanged in food and drink business mergers and acquisitions (M&As) in 2014, according to figures from Catalyst Corporate Finance (CCF).

'Dramatic' carrageenan supply chain shake up as Indonesia eyes domestic processing

Indonesia plans to process half of its seaweed domestically by 2020, meaning the carrageenan supply chain could see massive geographic diversions in the future. 

Most UK groceries are now private label

Supermarket own-brand groceries account for more than half (54%) of UK grocery sales – driven in part by premium positioning.

EU labelling law adds impetus to the sustainable palm drive

Changes to European labelling laws meaning the specific source of vegetable oil must be declared on pack could drive more food manufacturers to certified sustainable palm oil, according to one...

Commission defines food research priorities to 2050

Tailored diets, sustainability, integrated policy-making and consumer awareness of the link between food and health are the four research priority ideas identified in the European Commission’s (EC) foresight report.

Supermarket price wars squeeze more food firms into bankruptcy

The number of UK food companies entering bankruptcy is up 28% this year compared to 2013, according to research from accountancy firm Moore Stephens.

ICN2 'framework' document outlines action plan for better food and nutrition systems

The UN Food and Agriculture Organisation (FAO) and World Health Organisation (WHO) have published a 60 point plan as part of a ‘framework for action’ to improve global food and...

Chocolate shortage ‘overstated in the extreme’, says ICCO

The International Cocoa Organization has quelled media reports of a chocolate crisis in 2020 and says there are sufficient cocoa stocks for the next five years.

CONFERENCE STRIVES TO 'DEFY CONVENTIONAL THINKING' ON WINE

Meet the Glitterati of the Wine World! Wine Vision 2014 in Pictures

Wine Vision 2014 brought together the glitterati of the wine world - including the likes of Moët-Hennessy Estates and Wine president and CEO - Jean-Guillaume Prats - to discuss issues...

Russian embargo: 21 states urge Commission to preserve agri reserve funds

Twenty-one member state agricultural ministers have urged the Commission not to cut agri budgets and called for extra emergency funds to help counter the Russian embargo on European food imports....

Global food price index shows signs of stability, says FAO

The FAO's monthly food price index was largely stable in October, as increasing prices for sugar and vegetable oil were offset by declines in dairy and meat.

French trade dispute dents Mondelēz Q3 earnings

Mondelēz International third-quarter earnings fell 11% compared to last year due to disputes with French retailers over wholesale pricing changes and 'soft' developed market demand.

Q3 sales up, profits down as Natra feels cocoa pricing pain

Year-on-year Q3 EBITDA profits dipped 9.2% to €5.73m at Spanish cocoa and chocolate and specialist Natra as ongoing cocoa price hikes hit even as quarter revenues rose 5.2% to €89.93m.

Sugar policy shake-up to squeeze cane producing countries

The Fairtrade Foundation has urged food companies and retailers to choose Fairtrade sugar, amid concerns that a sugar price slump and CAP reforms could push thousands of workers into poverty.

Truffles: Can and should they become a mainstream ingredient for everyday products?

Truffles can be brought to a wider population without sacrificing their exclusive appeal, though price remains a factor, according to one supplier of truffles for crisps. 

Food prices would rocket if pesticides banned

Food prices would rocket if pesticides were banned or their use severely restricted, according to the National Farmers Union (NFU); a claim hotly disputed by environmental pressure group Friends of the...

What’s top on the Commission’s food forum agenda?

The impact of ‘sin taxes’ on competitiveness and consumption habits, food prices, and sustainability were the key points on the agenda for the European Commission’s High Level Forum for a...

Isoglucose market still faces hurdles in Europe

European appetite for isoglucose is still uncertain – despite the impending end to quotas.

Nestlé CEO on missed target: ‘Usain Bolt doesn’t always run 100 metres in the same time either’

Nestlé’s share price fell 2.9% in early trading this morning as nine-month sales growth missed objectives.

Six turrón ‘nougat’ firms investigated for market rigging in Spain

Spanish authorities have opened disciplinary proceedings against possible anti-competitive practices of half a dozen manufacturers of the country’s traditional almond candy turrón.

Ebola outbreak threatens West African food security with severe inflation and labour shortages: FAO

The UN’s Food and Agriculture Organisation (FAO) has launched an appeal for $30m (€23,72m) to support food supply resilience and recovery in the three African countries most affected by the Ebola...

HOW SHOULD WINERIES TWEAK PRICES TO OPTIMIZE PROFITS?

Winning in US wine: Pricing to maximize profit, avoid brand equity erosion

The price of a bottle of wine has a critical impact on the positioning and profitability of a wine brand but marketers are often unsure when they should tweak price...

Show us proof there aren’t slaves in your supply chain, UK gov tells big firms

The UK government wants big businesses to present annual evidence of the actions they have taken to ensure their supply chains are slavery free.

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