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. […]
Wholesale prices contract but milk inflation at 8.59%
Wholesale prices contracted for the third consecutive month in June on the back of lower prices of manufactured items, reiterating the fact that falling commodity prices are contributing to a cost deflation in the Indian economy. The Wholesale Price Index (WPI) contracted by 4.12% in June reaching its lowest value since October 2015 according to […]
Milk prices unlikely to go up until Diwali as production increases
Dairy sector experts have ruled out further milk price hikes – at least till Diwali – because of a sudden increase in production due to an unusually cool summer this year. Meenesh Shah, chairman of the National Dairy Development Board, told Moneycontrol that retail prices of milk have actually fallen by up to Rs 2 […]
Milk inflation still more than double the headline rate
Despite some moderation, retail inflation in milk is still more than double the headline inflation rate. Almost all the milk products are seeing very high inflation with ghee leading the pack. Though industry insiders say that prices have started coming down and will soften further, they are still anxious about the impact of a late […]