The global rise in transport and raw materials "squeeze" the canned food industries

Published 2021년 10월 23일

Tridge summary

The Spanish canning industry is under pressure due to rising costs of raw materials such as aluminum and steel, energy, and transportation, as well as Brexit. The cost of a metal drum has increased by 40% and electricity by 450% in the past year. The rise in raw materials is leading to speculation and excess storage of raw materials, affecting the price of cans, although consumers are not yet noticing. Factors such as environmental regulations and tariffs from Brexit and Norway could further impact costs. Spain is the leading producer of canned fish in the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The global rise in raw materials such as aluminum or steel, the rising cost of transport or Brexit increase the pressure on the canning industry and the production of basic foods for Spaniards such as canned tuna or fried tomato. “It is a time of industrial uncertainty. In an inflationary environment, in certain cases of shortages derived from adjustments between supply-demand and logistical complications, "according to Juan Vieites, the general secretary of the fish and seafood canneries (Anfaco). "The cost of a metal drum has risen by 40% and that of electricity by 450% in the last year," says the vice president of the Spanish Association of Vegetable Canned Manufacturers (Agrucon) and general director of Conesa Group, Manuel Vázquez . On the other hand, Vázquez points out that the rise in raw materials is fostering speculation and the "psychosis" that leads companies to plan an "excess storage" of raw materials for fear that there is no supply, which underpins this rise. ...

Source: PEefeagro