VAT abolished on dozens of food products in Portugal

20-Apr-2023 - Portugal has temporarily abolished value-added tax on 46 basic foodstuffs in a bid to combat inflation. The measure, decided by the leftist government, took effect Tuesday and is initially scheduled to last until Oct. 31. The suspension of VAT on food applies to products such as bread, pasta, ...

Bitburger: Brewing industry needs regular price increases

10-Mar-2023 - Beer drinkers will have to expect more frequent price increases in the future than in the past, according to the Bitburger Brewery Group. "This industry needs regular price increases in order to survive," said Managing Director Technology and Environment Jan Niewodniczanski on Wednesday on the ...

Producer prices of agricultural products in September 2022 39.4% higher than in September 2021

Prices for slaughter pigs up 63.1% year-on-year

16-Nov-2022 - Producer prices of agricultural products were 39.4% higher in September 2022 than in September 2021, compared with a rate of change of +34.5% in August 2022 and +33.4% in July 2022. As reported by the Federal Statistical Office (Destatis), prices rose by 2.5% in September 2022 compared with the ...

German beer brewers warn consumers to brace for rising prices

20-Oct-2022 - In a sign that rising inflation is becoming pervasive in Germany, brewers are warning beer drinkers to prepare for higher prices. After Germany's largest beer producer, the Radeberger Group, announced a price hike in September, major brewery Krombacher is following in its footsteps by announcing ...

Food prices in the UK rise more sharply than ever before

30-Sep-2022 - Food prices in the U.K. have risen more than ever because of Russia's war of aggression against Ukraine. Consumers paid 10.6 percent more than a year ago, according to the monthly index published Wednesday by retail association BRC and market research firm Nielsen IQ. Overall, retail prices rose ...

IRI Releases Latest Insights on Food Inflation Impact on Consumer Shopping Behavior

15-Aug-2022 - Information Resources, Inc. (IRI®), which recently merged with The NPD Group to create a leading global technology, analytics and data provider, today released new insights about food inflation and its impact on consumer shopping behavior. The insights leverage the latest point-of-sale data for ...

Wheat price falls to lowest level in four months

28-Jun-2022 - The price of wheat fell to its lowest level in four months on Monday night. At times, a bushel (about 27 kilograms) traded for $9.26 on the Singapore Exchange. The last time the price of wheat was this low was at the end of February when Russia launched its war of aggression against neighboring ...

Fonterra provides 2022/23 opening forecast Farmgate Milk Price and update on business performance

31-May-2022 - The opening forecast Farmgate Milk Price for the 2022/23 season is set at $8.25 - $9.75 per kgMS, with a midpoint of $9.00 per kgMS. CEO Miles Hurrell says the strong opening forecast reflects continued demand for dairy coupled with constrained global supply. “The long-term outlook for dairy ...

FAO Food Price Index eases in April

Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim

11-May-2022 - World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index averaged 158.5 points in April 2022, ...

Sunflower oil will remain a scarce commodity - food prices rise

More than half of the world exports of sunflower oil comes from Ukraine

20-Apr-2022 - For consumers, gastronomy and food producers, sunflower oil will remain in short supply for the foreseeable future due to the Ukraine war. As Ukraine is the largest supplier, experts do not expect the situation to improve for the time being. Because of this, large companies have already changed ...