The fruit and vegetable association in Germany reports massive global price increases

Published Jun 22, 2021

Tridge summary

The COVID-19 pandemic has caused significant disruptions to global logistics chains, leading to severe delivery bottlenecks and cost increases for raw materials, packaging materials, and logistics in the fruit, vegetable, and potato processing industry. The situation is of great concern to the industry, with some raw materials experiencing up to a 30% price increase due to poor harvest expectations and limited supply. Packaging costs have also surged, especially for cardboard and euro pallets, due to increased demand and supply shortages. Transportation costs have risen significantly, with maritime shipping rates tripling since the start of the year, and food processors struggle to pass on these increased costs to consumers.

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

Original content

Triggered by corona-related distortions in global logistics chains, the Federal Association of the Fruit, Vegetable and Potato Processing Industry is concerned about the currently serious delivery bottlenecks and cost increases for numerous raw materials, packaging materials and logistics. The situation is extremely worrying, so the management of the industry representative. Fats, oils and certain additives such as B. Dextrose have become extremely scarce. For some raw materials, the price increases by up to 30%. In addition, due to poor harvest expectations for fruit and vegetables, the prices for numerous raw materials in the industry have risen enormously. Increases in costs and declines in harvests Price increases hit particularly with grain, sugar, sweeteners, starch and various fruits, such as. B. cherries and peaches, to beech. One reason: The fruit harvest in Greece, North Macedonia and France is expected to be only 40% of a normal harvest, as the European Association of ...

Source: Top Agrar Online