UK food group Premier Foods, facing continued increases in commodity costs, is looking for price hikes from its retail customers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Hovis bread to Quorn meat-free maker told just-food today (21 August) that rising raw material prices are still putting pressure on its business and the company would look for price increases during the latter half of the year.
“Input price inflation was in the high teens last year across our categories. While it has fallen to mid-single digits, it is still a factor in some of our categories,” the company said.
“We expect to recover further inflation in the second half of the year.”
Premier declined to comment on which brands it was looking for price increases.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe owner of Mr Kipling and Bisto saw trading profits rise 5.6% to GBP123.6m (US$203.8m) for the six months to 27 June.
Turnover climbed 3.5% to GBP1.25bn, helped by a 17% increase in sales of Hovis.
