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NEWS
Cheese squeeze….
The price European processors pay for cheese is set to rise ‘significantly’ according to
European Dairy Association chief Joop Kleibeuker. Speaking to DairyReporter.com he said
companies may well have to reconsider how they use the product to formulate their goods.
Concerns now exist that Europe will face a cheese shortage. Dwindling milk supplies and
the current high prices commanded by butter and skimmed milk powder add weight to
these concerns. Delays in prices rises for cheese products are accounted for by the three
to six month contracts often agreed between processors and their suppliers. Once these
end, prices will inevitably rise and may be passed on to the consumer, says Kleibeuker,
which could have an effect on consumption, as seen already in the USA.
Home help
Almost three-quarters of food producers are claiming their order books are above normal thanks to
domestic orders, says the latest CBI industrial trends survey. But exporters report a less rosy picture
with 23 per cent above and 17 per cent below normal levels. Some 62 per cent of respondents expect
average prices for domestic orders to increase over the next three months, but almost half reported
stocks of finished goods were less than adequate.
Classy burgers
Up market eateries for burgers, chips and even pie and mash are bringing people back to these
‘old favourites’ according to research by Mintel. Following on from the gastropub they will help the
‘eating out’ market grow by 27 per cent over the next 6 year from its current annual value in the UK
of £17.7 billion.
Pensioner power
By 2030 over one billion of the world’s population will be over 65, which presents a huge opportunity for food and gro-
cery companies according to research published by IGD.
The fastest growth in senior citizens is taking place in emerging markets like China and India. But, worldwide, these will
be the first ‘sixty-somethings’ with a long standing exposure to marketing and brands and also with serious purchasing
power.
Investing effectively in the middle-aged market segments of today will reap “huge benefits” says IGD. The Institute iden-
tifies ageing, along with other trends such as urbanisation, immigration and the changing role of women as being “the
most important influences on food consumption in the 21st Century”.