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Beverage food prices alcoholic beverages
Retail food prices are likely to continue to accelerate in the coming months as producer food prices continue to rise
.
.
Food and beverage manufacturers faced rising ingredient prices in July, with the price of food ingredients produced in the UK rising by 17.
5%, imported ingredients by 22.
4%, and goods produced by food and beverage manufacturers by 14%
.
5%, imported ingredients by 22.
4%, and goods produced by food and beverage manufacturers by 14%
.
Amid inflationary pressures and geopolitical uncertainty, experts say the outlook is harder to assess
.
.
UK gas prices rose 42% in July from the previous month and 240% from a year earlier
.
.
Crude oil prices fell in July, and prices for some global agricultural commodities have also retreated over the past few months, however, they are still well above where they were a year ago, and since many of them are traded in U.
S.
dollars, a weaker pound means that, Some of the gains for UK producers will be offset
.
S.
dollars, a weaker pound means that, Some of the gains for UK producers will be offset
.
All of this means that food and beverage makers have been facing more cost pressures than rising food retail prices for more than a year, and longer-term pressures are increasingly difficult to sustain
.
.
Gorjan Nikolik, senior global seafood expert at Rabobank, said consumers had less disposable income, which in turn lowered their spending on eating out and more expensive protein (seafood), and consumers were increasingly attracted to expensive white fish such as cod and blackfish.
Duck) spending cuts are likely to continue, depending on the macroeconomic situation
.
Duck) spending cuts are likely to continue, depending on the macroeconomic situation
.
