Commodities news
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NewsFood & drink manufacturing costs starting to ease
Production costs fell for the first time since April 2016, according to the Lloyds Bank UK Sector Tracker
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UK could become ‘dumping ground’ for deforestation-linked soy
Campaigners have claimed the UK’s upcoming anti-deforestation legislation is weaker than its EU counterpart
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Defra unveils ‘simplified’ update to post-CAP farm subsidy scheme
The improved Sustainable Farming Incentive will offer a greater number of sustainable criteria farmers can be rewarded for
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Ukrainian poultry giant MHP eyes major move on UK market
The supplier is targeting reaching a 10% market share in the UK by the end of next year
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Sainsbury’s cuts loo roll prices as pulp costs fall
It’s the latest in a series of early signs of deflation in some high-volume grocery lines, despite overall food inflation remaining high
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JBS begins construction of cultivated beef protein plant in Spain
The Brazilian protein giant has invested $41m in the first commercial-scale industrial plant of BioTech Foods
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GrowUp Farms gets green light for major vertical farm expansion
The height of the company’s Pepperness site at Discovery Park near Sandwich will be increased to 24.9m from 18.9m to accommodate more growing chambers
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Princes completes human rights assessment on Argentina pulses
The company sources a fifth of its pulses, including chickpeas and cannellini beans, from Argentina for both its Napolina brand and own-label lines
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Fertiliser prices start to ease but full recovery still distant
The cost of fertiliser remains 50% higher than 2019 says NFU
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Modern slavery toolkit launched for small food businesses
The majority of food and drink SMEs do not currently have modern slavery policies in place
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Sainsbury’s cuts prices of core own-label dairy lines
The retailer has said it will be cutting prices by up to 60% on more than 40 own-label products including hard and soft cheeses, yoghurts and cream
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Avara Foods set to close Abergavenny factory
The poultry giant cited the impact of the Covid pandemic, plus inflationary pressures as key drivers behind plans to close the site
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2 Sisters’ Singh warns poultry supply chain ‘at breaking point’
As production costs and inflation soar, Singh said ’this is unsustainable and can’t continue’
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Tea buyers accused of failing to address human rights abuses
Unfair wages, poor health and safety conditions and harassment were some of the allegations from tea plantation workers across the globe
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Seasonal worker scheme extended for another year
The pledge came as part of a wide-ranging package of support for the sector
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Commons Efra Committee to probe fairness in food supply chain
The inquiry will focus on how profitability and risk is shared, alongside the structural relationships between retailers and suppliers
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Trewithen Dairy slides into the red amid production cost hike
The supplier enjoyed a £10m increase in sales but has faced significant hikes in input costs
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Manufacturers stockpile gum arabic due to Sudan supply fears
The Sudan conflict is threatening supply of the key ingredient for soft drinks, sweets and cosmetics manufacturers
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Freshways and Arla make further cuts to farmgate milk prices
The processors cited an increase in global milk supplies, coupled with reduced domestic demand, or putting downward pressure on their prices
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Supermarket-backed soy scheme delivers first batch to UK
Funded by Tesco, Sainsbury’s and Waitrose, the initiative encourages sustainable soy production in Brazil
