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Market Update 28 th November 2012

Market Update 28 th November 2012. Clifton Buying Group.

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Market Update 28 th November 2012

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  1. Market Update 28th November 2012

  2. Clifton Buying Group • Clifton Buying Group is a leading supply solution business, which specialises in negotiating with suppliers to improve pricing, and reduce costs in order to enhance profits for our clients. Our services are specifically developed for all business sectors including Healthcare, Hospitality, Education and Retail. • Clifton Buying Group works with over 2,000 businesses with a combined client spend of over 30 million through a network of over 200 national and local suppliers allowing our customers to make savings across all product categories. • At Clifton Buying Group we firmly believe in the personal touch, so as a customer you will work with a dedicated account manager, their role is to work closely with you and your team to ensure you get the most out of Clifton Buying Group. • We offer a full purchasing support system, not only do we secure your prices we undertake all invoice checking, market benchmarking, monitor global product trends and supply our clients with full financial diagnostics on a monthly basis. Contact: Steve Lawton Tel: 07768 802319 Jonathan Stamp Tel: 07791 796628 Holly Hawthornthwaite Tel: 07867 458931 OfficeTel: 01253 607921 Fax: 01253 763400 3 Neptune Court, Hallam Way, Whitehills Business Park, Blackpool, FY4 5LZ

  3. Content • Currency Exchange Rates • Soya and Grain Overview • Shell Egg Review • Wholesale Seafood Prices • Wholesale Meat Prices • On the Radar

  4. Currency Exchange Rate Increase/Decrease 12th November 2012 28th November 2012 = Increase = Decrease = No Change Source: http://www.xe.com/

  5. Soaring grain prices to put up inflation As grains and soybean prices reach historic highs on the global commodity markets, food price inflation will be firmly back on the agenda in 2013 The price of Soybean is now 27% higher than last year, while wheat is up a staggering 36.4% and maize up by 14.6% The prices of these commodities are primarily as a result of poor harvests and falling stock levels, over the coming months, these high prices will be reflected first in the prices of grain based food products and in the following months in the prices of meat and dairy products

  6. Egg Review Eggs are continuing to see big year on year rises as the battery cage ban still grips the market combined with soaring prices of feed due to poor weather resulting in lower yields + 57.7 % Year on Year + 5.6 % Month on Month

  7. Wholesale Seafood Prices Source: Mintec

  8. Wholesale Meat Prices Source: Mintec

  9. On the Radar • Chocolate prices are on the rise as the price of cocoa butter sees an 80% rise since June • Wheat futures in London for delivery May 2013 hit a record high of £222 a tonne up 18% m-o-m • Biodiesel industry in turmoil as waste oil use plummets since a tax incentive was axed • Supermarket Christmas promotions have started with Sainsbury's leading the way with 2674 on the shelves

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