While supermarkets remain the go-to for most grocery shoppers, rising food and gas prices due to inflation are pushing more consumers to mass, club and dollar stores as they look for ways to rein in spending and reduce trips, according to market research...
Shoppers around the globe are feeling the pressure of runaway inflation – to the point where some are even foregoing heat to eat – however, that doesn’t mean they’re prepared to give up quality for a bargain.
Mondi said growth in demand coupled with higher prices for its products and strong performance from its restructured operations all contributed to a 73 per cent leap in its full year operating profits.
Rank Hovis is to increase the price of flour by £89.37 per tonne, effective 6 September, Lawrence Watson, head of sales and marketing, revealed exclusively to our sister publication British Baker earlier this week.
Paper and plastic packaging supplier, Pactive Corporation, said that its third quarter (Q3) income from overall operations was $53m (€41m) - down $6m (€4.6m) on last year - reflecting higher raw material, energy, logistic and operating costs.
As prices for hazelnuts, two-thirds of which are sourced from
Turkey, slowly start to recover following global shortages,
pistachio production also shows signs of improvement following last
ConAgra Foods has blamed higher pork and beef costs and the
company's failure to compensate by raising prices sufficiently as
the main reasons for lowering its profits forecast by about
one-third for the fiscal fourth quarter...
General Mills is the latest food manufacturer to report a decline
in net profit this year, and again the blame goes on raw material
price hikes and fierce competition in the retail sector writes