Supermarket prices rises ‘are coming’, Co-op boss warns amid supply chain crisis
3 years, 3 months ago

Supermarket prices rises ‘are coming’, Co-op boss warns amid supply chain crisis

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Further supermarket price increases are "coming" due to Britain's ongoing supply chain crisis, a supermarket boss has warned. His comments come less than 24 hours after new figures published by the Office for National Statistics showed inflation rose to 3.2 per cent in July - the biggest jump ever recorded. Amid increased shipping costs and global commodity price rises, Mr Murrells said the Co-op will look to offset the cost pressures "as best we can", but said "some of that will filter down" to customers. Half-year results showed that food sales at the supermarket arm, excluding fuel, fell 2.8 per cent in the first half against surging trading a year earlier during the early stages of the pandemic.

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Price warning as 17-month run of falling shop inflation ends
1 month, 1 week ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

Grocery inflation rises as supermarket trips hit four-year high
1 month, 3 weeks ago

Grocery inflation rises as supermarket trips hit four-year high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Supermarket prices were 2.3% higher than a year ago last month, up slightly on …

Supermarket boss issues warning about soaring grocery prices
2 months ago

Supermarket boss issues warning about soaring grocery prices

Daily Mail  

The director of an Aussie supermarket chain has warned food prices will increase if farmers are forced to shoulder the $2.3 billion cost of carbon reporting. Drakes Supermarkets boss John-Paul Drake labelled the burden of mandatory carbon reporting on farmers, set to start in 2025, as 'beyond unconscionable'. He highlighted Australia's comparatively low carbon footprint on the global scale in …

Supermarket price gouging: Rise in farmers selling directly to customers
10 months, 1 week ago

Supermarket price gouging: Rise in farmers selling directly to customers

Daily Mail  

A growing number of Aussie farmers want shoppers to buy directly from them as supermarkets come under increased scrutiny due to rising prices. Pictured is Bianca Tarrant and Dave McGiveron, founders of farm-direct service Our Cow A growing number of Australians are opting to use farm-direct delivery services than buy their weekly shop at major supermarkets like Coles and Woolworths …

Greens move to establish Senate inquiry into allegations of price-gouging by Coles and Woolworths
1 year, 1 month ago

Greens move to establish Senate inquiry into allegations of price-gouging by Coles and Woolworths

ABC  

The Greens say an inquiry can find a way to "dismantle" the power of Australia's two major supermarkets and bring down soaring grocery prices. Key points: The Greens want the Australian parliament to interrogate the costs and revenues of the major supermarkets While food inflation has eased this year from its 9.2 per cent peak in December 2022, it is …

Control grocery prices or face new taxes, Canada’s Trudeau warns chains
1 year, 3 months ago

Control grocery prices or face new taxes, Canada’s Trudeau warns chains

Al Jazeera  

Canadian leader says profits should not be made ‘on the backs of people who are struggling to feed their families’. Canadian Prime Minister Justin Trudeau has warned grocery chains that they could be hit with new taxes if they do not take steps to control rising food prices. “If their plan doesn’t provide real relief for the middle class and …

More food shortages could add to Britain's price pressure
1 year, 9 months ago

More food shortages could add to Britain's price pressure

Firstpost  

Growers, farming unions and shop owners warn of more shortages ahead, possibly soon spreading to other homegrown crops, including leeks, cauliflowers and carrots because of summer drought and winter frosts London: Britons already reeling from the biggest rise in food prices since 1977 may have to get used to shortages of fresh vegetables as soaring costs and unpredictable weather hit …

UK Vegetable Shortage: Govt Says Crisis Could Last for a Month
1 year, 10 months ago

UK Vegetable Shortage: Govt Says Crisis Could Last for a Month

News 18  

Some of the UK’s largest supermarkets, like Tesco, Asda, Aldi and Morrisons are limiting sales of some fruit and vegetables. Tesco, the UK’s largest supermarket, said they have put limits on sales of tomatoes, peppers and cucumbers and have limited it to three per customer. The UK also grows its own produce and it uses that along with produce grown …

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row
1 year, 11 months ago

Tesco chairman ‘living in parallel universe’ warn producers in food pricing row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It comes after John Allan, when asked by the …

Stores face questions as price of basic groceries soars by 30%
1 year, 11 months ago

Stores face questions as price of basic groceries soars by 30%

Daily Mail  

Basic groceries, such as milk, butter and cheese, are seeing price rises of up to 30 per cent – sparking suspicions of supermarket profiteering. It found food and drink inflation was at 15 per cent overall across the UK’s eight biggest supermarkets in the year to December. But the consumer watchdog said shoppers believe stores should do more to help …

Supermarkets could hike prices even further
2 years, 2 months ago

Supermarkets could hike prices even further

NL Times  

Consumers can expect more price hikes for their groceries in the near future. “In many product categories, we are getting proposals for double-digit price increases,” Vomar director Aart van Haren told the newspaper, and other supermarket directors confirmed it. Negotiations between supermarkets and producers are already difficult, and becoming more so with proposed price increases of 10 to 20 percent, …

America’s grocery bills are surging and there’s no relief in sight
3 years, 1 month ago

America’s grocery bills are surging and there’s no relief in sight

CNN  

New York CNN Business — You’ve probably realized that shopping for food and household basics is more expensive these days. Prices shoppers paid for groceries climbed 1% in October from September and were 5.4% higher than at the same time last year, according to data released Wednesday by the Bureau of Labor Statistics. “We continue to face accelerating levels of …

Tesco warns food shortages will lead to Christmas panic buying if crisis isn’t solved
3 years, 3 months ago

Tesco warns food shortages will lead to Christmas panic buying if crisis isn’t solved

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Andrew Woolfenden, the supermarket’s UK distribution and fulfilment director, …

Retailers warn against last minute Christmas shopping amid supply chain chaos
3 years, 4 months ago

Retailers warn against last minute Christmas shopping amid supply chain chaos

ABC  

Balloons, books, bikes, hair products, toys, game consoles: Name almost any item imported to Australia and you can bet a retailer is struggling to get it, and it's costing a fortune to get it here. "The majority of our imported goods come from these regions, particularly consumer electronics and textiles," says Marcus Carmont, executive of TMX Global. Larger retailers better …

Raab denies claims from Tesco that food prices will rise
4 years ago

Raab denies claims from Tesco that food prices will rise

The Telegraph  

Foreign Secretary Dominic Raab has insisted that a no-deal Brexit will not cause food prices to surge after Tesco’s chairman warned the political deadlock risks triggering a 5pc rise and other retailers warned of a £3bn tariffs hit. He sought to allay fears of tariffs and border disruption hitting groceries, saying the Government did not “recognise” Tesco chairman John Allan’s …

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?
4 years, 8 months ago

Coronavirus panic-buying: As supermarkets ration items, should customers be stockpiling?

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ocado warned customers they were facing “exceptionally high demand” for delivery slots, while elsewhere …

How supermarkets rose to coronavirus challenge
4 years, 9 months ago

How supermarkets rose to coronavirus challenge

The Telegraph  

A couple of weeks ago, when finding a lone packet of spaghetti felt like a small victory, Tesco’s chief executive asked head office staff to go into stores and help stack empty shelves if they could. Having enough staff to deal with the deluge of panicked shoppers descending into stores to fill their cupboards, as the country went into lockdown, …

Sales are up at supermarkets. But that brings new problems for the grocery industry
4 years, 9 months ago

Sales are up at supermarkets. But that brings new problems for the grocery industry

LA Times  

There can be such a thing as too much business, supermarkets across the country are realizing as the surge in grocery demand sparked by the widening coronavirus crisis is forcing them to modify their policies. The major chains usually get shipments overnight, or perhaps twice a day, to restock essentials such as paper towels, toilet paper and water, but “manufacturers …

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