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Ongoing food shortages may contribute to UK food inflation

Published Apr 11, 2023

Tridge summary

The UK is experiencing a significant food price inflation surge, the highest since 1977, and facing potential fresh vegetable shortages due to increased costs and erratic weather affecting local production and leading to disrupted harvests in North Africa. The country's salad ingredient production is predicted to suffer a significant decline this year due to high energy costs, and food price inflation has reached a record 17.5% in recent weeks. Retailers are purchasing less due to customers' inability to spend, impacting their profits, and concerns are raised about the future of UK fresh food producers as they continue to operate at a loss, with fears of further crop losses due to upcoming summer droughts and winter frosts.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Already stunned by the biggest rise in food prices since 1977, Brits may have to adjust to a shortage of fresh vegetables as rising costs and unpredictable weather hit local production, Reuters reported. British buyers have faced shortages of tomatoes, cucumbers and peppers in recent weeks after disrupted harvests in North Africa reduced supply as inflation forced industry buyers to spend less in key markets like Spain. The data showed that the UK imported 266,273 tons of vegetables in January 2023. Current considerations, the production of salad ingredients in the UK is expected to see a record decline this year as expensive energy deters British producers from planting crops in greenhouses. Tight conditions have helped push British food price inflation to levels not seen in almost 50 years. Industry data Tuesday from market researcher Kantar showed UK food price inflation hit a record 17.5% in the four weeks to 19 March, underscoring the problem for policymakers. Many UK ...
Source: Ticaret
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