Commodities news
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A fifth of UK businesses still not ready for EU’s strict anti-deforestation laws
The EU’s new deforestation regulation is coming into force at the end of the year
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UK grocers lead the way in WWF’s sustainable palm oil ranking
Sainsbury’s and M&S jumped to the top spots alongside Waitrose and Co-op
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Lamb more expensive ahead of Easter due to tight supply
Deadweight lamb prices are up 20% since the turn of the year, according to HCC
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Tesco and M&S catch heat for failing to disclose cocoa supply chains data
The annual Chocolate Scoreboard ranks cocoa buyers on issues such as child labour, deforestation and supply chain transparency
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UK food manufacturers’ profits struggle amid declining sector investment
British food and drink manufacturers are faced with high costs and low sector investment
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Freight hijackings on the up as thieves target food
Nearly a quarter of products stolen in Britain in 2023 were food and beverages
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Concerns mount over shortages of Asian goods due to Red Sea conflict
Goods coming from India and China such as grains, fertiliser and apparel are under increased pressure from the Red Sea conflict
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Dear Valentine’s as prices of chocolate gifts rise in mults
Shelf prices of have risen by as much as 60% in the mults
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Sugar beet growers and British Sugar finally agree supply contract
The two parties had been locked in an increasingly acrimonious negotitation since May
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Lindt enlists cocoa-free brand ChoViva to launch vegan chocolate bars
ChoViva is claimed to produce 90% less CO2 emissions per kilo manufactured than regular chocolate
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UK government to roll out EU-style deforestation laws
Rishi Sunak announced the legislation was finally coming into effect at COP28, two years after it was proposed
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Sugar negotiations in turmoil as growers reject latest British Sugar offer
Negotiations are now headed for arbitration
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Tea and bananas: £8bn worth of Britain’s favourite food imports at risk
Climate change is badly hitting the countries that provide £8bn worth of food imports to the UK every year
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Global food commodity prices finally easing in 2024 after three years of turbulence
Rabobank’s 2024 outlook shows many commodities, such as corn and sugar, returning to stability
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Climate crisis has added more than £600 to UK household food bills
Climate impacts accounted for one-third of all food price inflation in the UK this year, according to new analysis
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Growers warn of potato crop damage and soaring prices
The spot price of potatoes ‘is currently at least double what you would expect at this time of year’
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Defra calls for ‘fairness’ in sugar beet price negotiations amid ongoing dispute
British Suagr has been accused by the NFU of approaching growers directly, in contravention of the established process of price negotiations
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Agricultural inflation falls by up to 58% in some inputs
The average input cost reduction was 4.7% to 30 September 2023 compared to the previous year
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KTC launches new sustainable palm oil range
The range will initially include Planet Palm Oil as well as three specialist bakery products