US consumers are still pessimistic even though the recession officially ended two years ago – but there are opportunities for manufacturers to appeal to ‘downturn consumers’, according to a new report from SymphonyIRI.
The US Department of Agriculture (USDA) has raised its forecast for food price inflation in 2011, citing the influence of higher food commodity and energy prices, and stronger global food demand.
Food prices are likely to fall slightly from 2011 levels next year, the US Department of Agriculture (USDA) has said in its first food price index outlook for 2012.
US food prices could surpass those seen during the 2008 food price crisis this year, as higher commodity and energy prices cause food makers to pass on costs, according to the US Department of Agriculture (USDA).
The US Department of Agriculture (USDA) has said it expects the Consumer Price Index to rise by 2 to 3 percent in 2011, ending a period of near-stagnant food price inflation over the past two years.
Solae has announced that it has raised the price of its soy ingredients globally by seven to nine percent, citing “general inflationary pressure and the current economic environment.”
New forecasts published by the United States Department of Agriculture (USDA) suggest that dairy retail prices in the US could jump by more than 5 per cent in 2011.
The US Department of Agriculture (USDA) has reiterated its late-August prediction that food price inflation will be at its lowest since 1992 this year – but higher commodity costs are likely to increase prices in 2011.
The US Department of Agriculture (USDA) has forecast that food price inflation will be at its lowest level for 18 years in 2010, despite recent sharp rises in staple food prices.
Kraft’s pursuit of Cadbury could mark the start of a surge in M&A activity for the sector as consumers’ focus on value supports a stable outlook for food manufacturers during 2010, Fitch Ratings has predicted.
Food companies are expected to seek greater liquidity in 2009 as they are hit by unexpectedly volatile ingredient prices and lower consumer food spending, according to a report from Fitch Ratings.
There is a long cold winter expected ahead for US ‘luxury’ food manufacturers as the weakest consumer spending over a holiday period since 1991 is this year expected to dent the industry’s festive spirits, says new findings.
The UK is badly positioned to cope with rising food prices because
of its trade deficit causing concerns of a recession, according to
a report by Ernst & Young.
