Commodities news – Page 9
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Mayor announces over £20m in funding for London markets amid cost of living crisis
City Hall will be investing £20m from its Good Growth Fund plus an additional £3m to support street markets, covered markets and wholesale markets in the capital
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Inflation could cut Asian dairy demand and UK exporting prospects
British dairy has been targeting the region’s high growth economies
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Waitrose commits to zero deforestation sourcing as part of new sustainability strategy
It has also vowed to source all key raw materials in its own-band products from more sustainable or recycled sourced by 2025
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Vegetable consumption falls 7.5% in response to cost of living crisis
Vegetable sales have decreased to only 6.2% of retail basket value compared to 6.7% last year, according to new data from Veg Power
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Consultation reveals fresh concerns about Marine Stewardship Council ecolabel
As part of the consultation, 77% of respondents reported that the MSC’s use of the term ‘sustainable’ was not appropriate or in line with market expectations
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Wyke Farms launches carbon neutral Ivy’s cheddar launches into Tesco
In the first major UK supermarket listing for the product, the cheese went on sale in Tesco on 12 September
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Meatless Farm launches chipolatas and chickenless roast for Christmas
The roast is designed to ‘rival the more traditional meat-based Sunday lunch’ and is ready in 35 minutes
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Rice markets rocked by South Asian floods and export curbs
The UK is likely to escape the worst of any supply logjam as basmati is unaffected
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NPA calls for more support for British pig industry due to successive crises
The industry has had seven successive quarters of negative margins meaning producers have collectively lost £600m since the autumn of 2020, AHDB estimated
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Cathedral City makes debut in vegan cheese with new Plant Based range
The Saputo brand’s new range includes three formats: block, sliced and grated
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Ornua Foods reports strong financial results but warns of challenges ahead
Volume sales were still up 16% on pre-Covid levels, due to higher in-home eating and a continued desire for staple ingredients such as cheese and butter
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Warm, dry weather creates larger and sweeter shop-bought blackberries
However hedgerow blackberries have appeared earlier and smaller than usual as they ripened rapidly, which stunted their growth
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Futura Foods launches Ragazzi Italian cheese range for UK convenience
The Ragazzi brand, named after the Italian phrase similar to ‘hey guys’, makes its debut in Spar stores across the south west this month
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Pilgrim’s UK announces proposal to close two factories, putting over 600 jobs at risk
The company has announced plans to close its Bury St Edmunds and Coalville sites and shift production at its Ashton plant to a four-day week
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The Jolly Hog announces B Corp status in UK meat industry first
The certification means The Jolly Hog joins a growing group of companies who are focused on pursuing purpose as well as profit
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Energy prices a ‘complete disaster’ warns Barfoots boss as growers consider future
Growers have faced an up to 300% increase in energy prices, which is forcing many to consider their future in the sector
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New CO2 gas crisis could cost 2 Sisters £1m extra a week, Ranjit Singh Boparan warns
It comes as the UK’s main gas supplier CF Fertilisers announced plans to close its Billingham site last week
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Tate & Lyle widens stevia farming project in China
Aims to build on work started three years ago
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UK food sector on brink of new CO2 gas crisis as supplier halts production
CF Fertilisers, the UK’s largest supplier of CO2 gas, has announced plans to close, amid an ’uneconomical’ energy landscape
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Food import disruption expected as Felixstowe port workers strike
Shipments have been diverted due to an inflation-related wages row at the nation’s biggest container port