Dairy farmers are set to lose more on the value of their milk in 2016/17 than in the previous 12 months, despite recent positive moves from processors to raise prices, an accountancy firm has revealed.
Walkers crisps and fish fingers maker Birds Eye were the latest to blame the weak pound on price increases, after they raised their prices by up to 10 % and 12% respectively.
Morrisons has raised the price of 92 Unilever products, including Marmite, just days after Tesco’s highly public row over Unilever’s price increase demands.
The food sector is so competitive that price wars between retailers may reduce the financial impact of Brexit on shoppers, said grocery think-tank IGD chief executive Joanne Denney-Finch.
The cost of manufacturing food and drink products has risen 4.3% over the past 12 months across all sectors, according to latest data from the Office for National Statistics (ONS).
Collaboration between food manufacturers that share distribution activities with competitors and others to reduce costs should be more widely publicised to help more firms adopt these practices, the Freight Transport Association (FTA) has urged.
Vision systems provide a cost-efficient approach to inspecting the fill consistency of beverages and the quality of their packaging, claims Dan Rossek, product marketing manager at automation specialist Omron.
Losses for Boparan Holdings, the holding company for 2 Sisters Food Group, have widened to £27.5M from £12.3M a year ago, as the company continued to cut costs and capital expenditure, a second quarter trading update has shown.
Morrisons has reported a £176M loss in full-year results to February 2, compared with a previous profit of £879M, as the supermarket revealed plans to slash costs and lower prices in a bid to battle the discounters.
Supermarkets should drop their “dodgy discounts and misleading multi-buys” and be more open with consumers who are increasingly worried about rising food prices, according to consumer watchdog Which?
Food and drink companies are failing to give their new products the best chance of success by paying too much attention to products and not enough to the practicalities of the manufacturing processes, according to food specialist management consultancy...
Tesco has refused to confirm or deny recent reports that it is about to quit its loss-making US business Fresh & Easy, in a move that could cost the retail giant £1bn.
The current inflated cost of packaging recovery notes (PRNs) in the glass sector is a temporary problem caused by a toxic cocktail of issues specific to last year, industry and compliance organisations have stated.
Half of UK businesses are wasting thousands of pounds on IT support when they could be spending less by streamlining their systems for business advantage, according to a enterprise resource planning (ERP) systems specialist.
Shares in Premier Foods have retained a ‘Buy’ recommendation from investment and banking firm Investec, ahead of its interim results, which will be published tomorrow (August 7).
A new electronic nose designed to detect ripeness could save millions of pounds each year in preventing the wastage of fruit and vegetables, according to researchers at the Massachusetts Institute of Technology.
Rocketing utility and stock holding costs have forced Heinz to take the radical step of temporarily halting production at its Kitt Green site in Wigan for four days this Easter.
The rising cost of Christmas, a boost for frozen meat sales and tough times for confectionery firm Thorntons all feature in our festive news-in-brief round up.
To help food manufacturers stabilise costs in the midst of supply issues and volatile cocoa prices, Tate & Lyle has manufactured a cocoa replacement ingredient using a high-quality carob powder. The product, called Carcao, should enable manufacturers...
BIS today published a draft bill to aimed at “giving teeth” to the groceries supply code that protects suppliers against excessive risks or unexpected costs in dealings with retailers, but the BRC has hit out at what it says is "ill judged"...
Robert Wiseman Dairies (RWD) has announced that its operating profits fell 29.7% to £35.3m in the year to April 2 2011, hit by oil-related costs and rising raw milk prices.
The bread and bakery industry is facing costs that are “spiralling out of control”, despite the fact that the UK is effectively self-sufficient in wheat, according to a new report.
Commodity price hikes are presenting some manufacturers with their toughest negotiating environment “in living memory”, with retailers delisting or suspending products not meeting their price demands.
Large own-label manufacturers are under greater pressure to improve their operational efficiency and drive down costs than small branded and specialist producers, which are able to demand higher margins, according to delegates at Food Manufacture's...
Food price inflation fell to 4% in November from 4.4% in October, according to the latest shop price index compiled by the British Retail Consortium (BRC) and Nielsen.
Combined heat and power (CHP) offers firms long-term savings, as well as green credentials, but can have big initial costs leaving manufacturers reluctant to purchase them. However, solutions could be at hand.
Life will only get tougher for Unilever in the second half of 2010, but things could improve in 2011 as its Genesis innovation programme starts to bear fruit, cost inflation cycles out and rival Procter & Gamble (P&G) starts to run out of steam,...
A tank cleaning machine has been developed specifically to meet the exacting cleaning-in-place (CIP) requirements of the food, brewing, beverage and dairy sectors.
Processors could soon have access to a cheaper way to test high pressure processing (HPP) technology – so-called ‘cold pasteurisation’ – as interest in the technique returns to the industry, reports sister title Food Manufacture.
Manufacturers are at risk of losing their competitiveness unless they do more to counter rising energy costs, according to a new report from business...
Food and farming will remain central to her brief, Jane Kennedy, minister of state at the Department for Environment, Food and Rural Affairs (DEFRA),...
