Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
British farmers are planning another strike in protest over low
prices paid by retailers and processors for their goods, adding to
calls from MPs and lobby groups for mandatory legislation to force
supermarkets into line.
The UK branch of dairy processor and ingredients supplier Arla
Foods told investors yesterday that it is still on track to reach
revised profit targets for the year, boosted by its brands
Ongoing price competition among European retailers has squeezed
prices for international branded foods in recent years, finds new
research from ACNielsen that confirms the pressure will
continue into the near future.
France's Carrefour, the world's second largest retailer after
Wal-Mart, has upped the stakes in the supermarket battle for market
share by announcing further price cuts and overseas expansion arein
Food processors can expect the higher raw material costs hitting
packagers to be passed on soon depending on their contracts. This
means that, depending on contractural obligations, cosmetics and
toiletry producers can expect the...