When Russia announced plans to curb grain exports in August, mainstream news outlets spoke of a probable jump in food prices in markets worldwide. The noises coming from within the industry, however, were mixed. Now, there are signs that manufacturers are feeling the pinch.
With grain prices soaring, Guy Odri, chief executive of French poultry giant Groupe Doux, has urged domestic retailers to raise prices. Any public disagreement on price between supplier and retailer is rare but, speaking to Dean Best this week, Odri explained why the time had come for poultry processors to demand help in absorbing the rising cost of cereals.