Cereals, milk, vegetables turn costlier on month; potato prices zoom
Retail food inflation softened marginally to 8.52% in March, 2024 from 8.66% in previous month due to sequential drop in prices of pulses an edible oils and spices, and a high base. The prices of key items like cereals, milk, meat and vegetables, however, saw a rise on a month-on-month basis. The relevant consumer food […]
How rising prices have shaped dairy consumption
here is optimism that the global economic and financial conditions of high inflation and rising food and energy prices, which have impacted consumer confidence and post-pandemic spending, will improve in 2024. However, as dairy prices are still rising, consumers will still be on the hunt for value as they visit the dairy aisle. It is, […]
Sunak is ‘sad’ parents are forced to water down baby formula
The prime minister has said it is “sad” that parents are watering down baby formula because they cannot afford to feed their children. Sky News reported last year on measures parents have turned to after inflation spiked the cost of the powdered milk product. This included watering down and even stealing products in order to make ends meet amid […]
Saputo indicates pricing cycle linked to inflation near end
Saputo has indicated the pricing cycle linked to inflation is coming to an end but the international dairy major is still seeing some “softness” in the category. While Saputo said volumes across the group were “stable” in the second quarter and were higher in its domestic Canadian market, export volumes remained under pressure, particularly in Europe […]
Shoppers in Spain are buying cheaper and less fresh produce
The cost of inflation is pushing more people in Spain towards buying cheaper private label products instead of better-quality and more expensive fresh produce. Despite the rise in inflation starting to stabilise from the peak of 10.8% reached in July last year to the 3.5% in September this year, the advance CPI for October was […]
Inflation continues to curb global demand
Slowing supply growth out of other major exporting regions has begun to shift the outlook within the global dairy market in recent weeks, as the impact of weaker commodity prices has flowed through to production responses. While this changed dynamic is supportive of dairy commodity prices, the strength of this rebound really will be determined […]
Business strategy needs to factor in war impact’
Nestle India’s CMD, Suresh Narayanan, has stated that the war in West Asia will bring challenges for businesses, including the impact on commodity inflation. Narayanan also highlighted the importance of penetration-led volume growth and cost efficiency management as key strategies for the company. While inflation has decreased, Nestle does not see a strong case for […]
Inflation concerns persist for milk, cereals and pulses
Vegetable prices may have slowly started decreasing, but other food products, including cereals, pulses, spices and milk may only give comfort for a while. The expectation is that August inflation could be in the range of 6.5 to 7.2 per cent. Data from Consumer Affairs Ministry tabled in Parliament showed divergent price trends for various […]
Food industry impacted by high commodity prices : Britannia Ind
FMCG major Britannia Industries Limited said that the food sector in which it operates has been significantly impacted by high commodity prices, rising interest rates and due to the fall out of the Russia-Ukraine conflict. The long term effects of these factors continue to be felt extensively, the company said in its annual report for […]
Milk prices won’t fall any further, UK producer warns
UK Supermarkets are now charging around £1.45 for four pints Arla is warning shoppers that they are very unlikely to slash the price any further The price of a pint of milk is here to stay and Brits should not expect their supermarket shop to get any cheaper, according to the UK’s biggest dairy producer. […]
