Cakes prices will increase, warns Mr. Kipling maker

Cakes prices will increase, warns Mr. Kipling maker

Premier Foods warns increase in cake prices as the cost of ingredients rises.  Premier Foods, the maker of Mr Kipling and Cadbury cakes, has warned as it said the cost of ingredients had shot up significantly in the previous couple of months. Gavin Darby, CEO of Premier Foods said that they have already talked to […]

Milk production decreases in EU; dairy product prices increases

Milk production decreases in EU; dairy product prices increases

Milk based products saw the second biggest price increase of the year, with Dairy product prices escalating to 11.4% at Global Dairy Trade auction on November 1st.  Whole milk powder (WMP) was the main driver of the price increase at the latest auction, with prices rising 19.8%. Skimmed milk powder (SMP) prices increased 6.5% and […]

Tesco chairman warns prices could soon rise

Tesco chairman warns prices could soon rise

A price hike is round the corner for the English supermarket chain Tesco. John Allan, the chairman of Tesco indicated that the supermarket might consider a price hike owing to the weak pound.  Grocery store prices are “likely” to ascend, said John Allan in an interview with BBC radio. He has faulted the weak sterling, […]

A grocery basket of 35 items now costs just £84.83 in UK

A grocery basket of 35 items now costs just £84.83 in UK

A grocery basket of 35 items costs just £84.83 in February 2016. According to a recently released report from mySupermarket.co.uk, the grocery prices in UK are at a record low. The prices have dropped up to 14 percent for many items since last year. The prices for Mushrooms and broccoli dropped more than 13 percent […]

October Witnessed Sharpest Increment in Monthly World Food prices Since July 2012

October Witnessed Sharpest Increment in Monthly World Food prices Since July 2012

World food prices ascended in October, prodded by weather driven worries about sugar and palm oil supplies, however stayed well underneath their proportionate level a year prior, the United Nations food agency report says. The Food and Agriculture Organization’s (FAO) food price index, which measures month to month changes for cereals, dairy, meat oilseeds and […]

Milk Prices Likely to Bounce back by Mid-2016

Milk Prices Likely to Bounce back by Mid-2016

Worldwide milk supply-demand conditions are expected to enhance by next summer despite the fact that the current milk prices are just exceeding the break-even expense of production levels. That is as indicated by Tim Hunt, a financial specialist and worldwide dairy strategist with Rabobank. Hunt was the keynote speaker at Dairy Today’s Elite Producer Business […]

UK: Expense of groceries rises in October

UK: Expense of groceries rises in October

Britons paid marginally more for groceries in October. But the costs at the store counter stay far lower than at the start of the year, new research states. Analysis of 35 well known stores discovered the aggregate bill expanded from £85.94 in September to £86.16 a month ago, as indicated by comparison site Mysupermarket.  Back […]