FI News Review (February 16, 2024) – Why Are European Farmers So Angry?
Join us as we delve into the deep discontent among European farmers with Chris Shadle, Writer and Research Analyst at The Food Institute.
Tag: Food Prices
The Struggle is Real: Affording Groceries in America
Regardless of when costs come down, consumer behavior has been altered and shoppers will continue to look for the best savings in 2024.
Bird Flu Roars Back, Disrupting Turkey Farms
About 68 million birds have been killed since the outbreak began in the U.S. in February 2022. Cases are again beginning to tick up, with 2.8 million birds killed on Iowa farms in the past month and 1.3 million at an Ohio egg farm.
Thanksgiving 2023: Expect Expensive Meals
Food manufacturers have seen their profits fall in the past year, forcing them to pass along increases for raw materials, energy, transportation, and packaging.
FI Fast Break audio news: June 7, 2023
The latest Food Institute news podcast touches on recent warehouse employment concerns for retailers like Walmart.
Report: Food Prices Surge in Urban Areas
The pain of high food prices is especially acute in some major metropolitan areas, with August 2021 to August 2022 seeing the largest annual increase since the 1980s, a U.S. Government Accountability Office report found. …
CEO: Marketing to Loyal Grocery Shoppers Imperative in 2022
Grocers must focus on solidifying loyalty among shoppers during economic turmoil, and a carefully considered advertising approach is key.
Poll Notes Top Concerns Regarding Plant-Based Foods
In a recent LinkedIn option poll, The Food Institute asked members to indicate their biggest current concerns regarding the plant-based category.
Gen Z Among the Hardest Hit By Food Insecurity
Food insecurity is a growing global problem, and within the U.S., Gen Z is among the hardest hit. That’s according to Purdue University’s Consumer Foods Insight report, which reported 30% of Gen Z adults had …
High Food Prices Could Persist for Three More Years
Russia’s invasion of Ukraine, fertilizer shortages, and poor weather conditions across the globe, are playing havoc with global food supplies, leading to projections that food prices will remain high for years. Additionally, global food security …
Inflation Pushing Up Costs for Independence Day Cookouts
The price for a typical Fourth of July cookout could be 11% to 17% higher than a year ago, depending on what’s in your basket. That’s according to recent reports from Wells Fargo and the …
Analysis: How Severely Will Inflation Impact Small Restaurants?
Half of all small business owners and nearly three-quarters of restaurateurs fear inflation will drive them out of business this year, the Alignable Small Business Inflation Poll indicates. “It’s the mom-and-pop diners and the small, …
Restaurants Grapple with Rising Chicken Prices
Chicken is not as cheap as it used to be. USDA reported prices for skinned boneless chicken breasts in the Northeast region were ranging between $3.30 and $3.35 per lb. on May 4. Food Institute …
Fresh Berry Category Ripe for Summertime Success
Berries were a powerhouse throughout the pandemic and the category continues to thrive as convenience and nutritional appeal keep consumers coming back for more. According to an April report by IRI, fresh berries are the …
As Inflation Rises, Consumers and Food Companies Pivot
It’s been four decades since consumers were slapped with a double whammy of rapidly rising food and gas prices. In the 1970s and early 1980s consumers coped by switching to generics, changing their diets, and …
Analyst: Expect Higher Egg Prices Through 2022
(Editor’s Note 6/15/2022: For updated coverage on the shell egg market, please read “Analysts: Expect Continued Demand for Eggs Despite High Prices“) Egg buyers may have found some relief in March as prices moderated, but …
3 Strategies for CPG Success During a Recession
During the Great Recession, consumers spent less, traded down, and cut back on many CPG purchases. A recent report from the IRI Recession-Proof Your Business series explored these behaviors to glean strategies for success in …
When Will Perfect Storm of Food Inflation Subside?
Call it a perfect storm: COVID led to labor shortages and supply chain issues and to fuel shortages, all of which contributed to inflation. Factor in Russia’s invasion of Ukraine and unpredictable weather, and food …
Zeroing In on Rising Egg Prices
It’s clear that egg prices rose in the first month of 2022, but determining a definitive cause is a bit more elusive. The price of a dozen large white eggs rose to a national average of $2.08 on Feb. 9, representing a 22.5% increase month-over-month.
Experts Weigh In on 2022 Inflation Outlook
Inflation Eating Away at Food Industry Profits
Americans are feeling the effects of the pandemic in their pocketbooks, with inflation rising at its fastest clip in four decades. This morning, the Labor Department reported that the Producer Price Index for final demand …
Chicken Market Roundup: A Tender Shortage, Steady Supermarket Sales
Despite a potential shortage of chicken tenders, dollar sales of chicken products at supermarkets and poultry slaughter remained relatively stable year-over year. Chicken Tenders in Short Supply Picky eaters may have something to cry “fowl” …
Analysis: Impact of Food Inflation Especially Apparent in Rural US
Global food prices are at their highest in a decade, according to the United Nations’ Food and Agriculture Organization (FAO). In November, the FAO’s food price index climbed for a fourth straight month, rising 1.6 …
UPDATED: Sysco, US Foods’ Steep Prices Hikes a Harbinger of Things to Come?
(Updated Nov. 11, 2021 with Sysco Q3 numbers) Prices for supplies from foodservice distribution giants US Foods and Sysco rose 11.5% and 13.4% respectively during the third quarter but had little effect on soaring demand …
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Report: Cost of Breakfast Commodities Hits 10-Year High
The cost of ingredients for breakfast staples continues to rise as global food production, processing and transportation challenges collide with higher demand from the pandemic rebound. According to the Financial Times breakfast indicator, futures prices …
As Grocery Inflation Nears a Tipping Point, CEOs Weigh In
Food inflation is approaching pivotal levels in the U.S., with prices for food consumed in the home increasing 4.5% in September compared with the same month of 2020. As input costs continue to rise, more …
Rising Food Costs Heighten Financial Insecurity Among Seniors
Food price spikes across the U.S. are forcing many senior citizens to visit food pantries or cut back on the number of meals they eat per day. In a recent survey by The Senior Citizens …
What’s Brewing with U.S. Beer Makers? COVID-Related Shifts
With the rise of hard seltzer and other low-cal alcohol options, Americans seem to be drinking less beer, and U.S. producers are making less of it. Boston Beer Co. the maker of Samuel Adams beer, …
Restaurant Sales are Booming, But for How Long?
The restaurant industry continued to regain its financial footing in June, but the pandemic aftershocks have yet to subside. “The industry right now is extremely strong and is surging. For many operators, they have more business …
How Food Businesses are Fighting Inflation
The Federal Reserve raised its median forecast for inflation this year, projecting consumer prices will rise 3.4% in the fourth quarter compared to a year prior. Since the pandemic began, grocery bills have gone up 8%-9% …
Food Costs Ease Following Decade-High Surge
Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …
Avocado Volumes on the Rise While Prices Decline
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
Food Industry Financials: Retail Sales, Darden Restaurants, and more
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: retail sales, supply crunch, global forecast, earnings from Darden Restaurants (DRI), and more. …
FI Fast Break: April 23, 2021
In the first installment of The Food Institute’s quick-hitting news podcast, we break down the trend of major food companies raising prices, worsening drought conditions in the western U.S., meatpacker JBS’ move into the plant-based …
Rising Food Prices Represent Awakening Risk in 2021
New data provided by the U.S. Bureau of Labor Statistics note that food prices are up due to demand. The food index rose in December, as both food at home and the food away from …
World Food Programme Wins Nobel Peace Prize
The Nobel Committee awarded the UN’s World Food Programme (WFP) the 2020 Nobel Peace Prize, reported Bloomberg (Oct. 9). The organization is being honored “for its contribution to bettering conditions for peace in conflict-affected areas …