Blog: Food prices in the spotlight in France
Dean Best | 22 February 2011
The debate over food prices is being heard all over the food industry and beyond - and in different markets all over the world. This week, the issue is of particular importance in France, with retailers and suppliers needing to strike this year's pricing contracts by next Monday (28 February).
After changes to legislation in 2008, the days of retrospective discounting are over and suppliers have to put everything on the table at the start of the year. And what are always tough discussions have become even more tense due to the volatility in commodity costs.
Yesterday, at the French farm show SIA, which is being held in Paris, representatives of the farming, manufacturing and retailing sectors debated the issues of contracts, prices and margins.
Carrefour general secretary Pierre-Alexandre Teulié, Jean-René Buisson, president of ANIA, the French food manufacturers' association, and Xavier Beulin, president of France's farmers federation, the FNSEA, took part in a seminar that highlighted the differences of opinion between the different parts of the supply chain - but also the calls for industry to work together.
"If we don't all work together, we're all sunk!" Carrefour's Teulié said when asked to identify a kery concern for the year ahead. Retailers and suppliers have under a week to find a compromise.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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