Blog: Dean BestOil prices fuel cost concerns

Dean Best | 21 May 2008

All the talk in the food industry may be about rising commodity costs, be it grain, dairy or sugar.

But one cost is rarely mentioned, despite mounting quickly – fuel.

Today, there emerged news that will furrow the brows of many a food industry executive – oil is flirting around US$130 a barrel.

Speculation that China will have to import more fuel in the wake of the Sichuan earthquake, while commodity traders are said to be driving up the price of oil as a hedge against the weak dollar.

Whatever the reason, news of the seemingly ever-rising cost of oil will make sobering reading around food industry boardrooms.


BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

BLOG

UK M&A deal volumes slide in early months of 2017

Fresh data from Grant Thornton indicates the number of mergers and acquisitions in the UK food and drink sector fell to the lowest level for over two years in the first quarter of in 2017 - but the ac...

BLOG

Food policy returns to focus in Westminster

Amid the political turmoil in the UK caused by the EU Referendum, the resignation of a Prime Minister, subsequent burning debates over the Brexit “divorce” settlement and now by the surprise announcem...

BLOG

Danone closes WhiteWave, who will acquire Stonyfield?

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. ...

just-food homepage



Forgot your password?