UK grocery inflation drops for the first time in nearly two years
The dip of just 0.1% was the first time in 21 months that inflation has fallen.

UK grocery inflation dipped for the first time in 21 months in November, following a record high of 14.7% in October.
The dip – to 14.6% – is just 0.1 of a percentage point. It marks the first time since spring 2021 that UK grocery price inflation has declined, according to market research firm Kantar .
The company added that shoppers would have to pay an additional GBP£60 (US$72.99) to purchase the same basket of goods they did the same time last year.
December is predicted to be a record-breaking month for retailers, with holiday spending and higher prices contributing to a consumer splurge of GBP12bn over the course of the month. The football World Cup, however, has yet to have a significant impact on retail sales.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: “We haven’t seen a big World Cup effect – at least not yet. Take-home beer sales nudged up slightly in the last four weeks, covering the first week of the tournament, by 5% to GBP230 million, but mostly due to increased prices.
“Many people are taking the chance to enjoy a social pint while watching the games in bars and pubs, whereas last year we were in the middle of a COVID resurgence so consumers were limiting their movements and going out less. We’re likely to be marking the impact of that comparison with higher at-home volumes one year ago. Crisp and snacks have fared better this winter, however, with sales up by 18%.”
Kanter noted the sale of retailers’ own label brands is up by 11.7% year-on-year, pointing to evidence of consumer trade-down.
Discount retailers LIDL and Aldi have benefitted from the tightening of consumers’ belts. Lidl’s year-on-year sales have risen by 22%, with Aldi up by 24.4%. With the exception of Waitrose and Morrisons , all other physical retailers have experienced year-on-year growth, however the highest of these outside the German discounters listed were Asda and Iceland, which both grew by 6.1%.
Grocery inflation has been rampant across both the UK and much of Europe, with many nations including Germany and Ireland posting record breaking figures in the last quarter.
Shortcoming: Migration of Plasticizers
MeatEx Canada-2022 is around the corner
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Beyond Meat names Tyson’s Ramsey new COO
The US meat-alternatives supplier has also hired another Tyson Foods veteran to a new role of chief supply chain officer.

Beyond Meat has recruited two Tyson Foods veterans to senior positions at the US meat-alternatives supplier, which has seen pressure on its domestic sales in recent months.
Doug Ramsey and Bernie Adcock, who have both worked at Tyson for 30 years, are joining Beyond Meat as COO and chief supply chain officer respectively.
Ramsey, whose recent roles at Tyson include president of the US meat giant’s poultry operations and president of its business with McDonald’s, replaces Sanjay Shah as COO. It was announced in September that Shah, a former Tesla and Amazon executive, had left Beyond Meat after less than two years in the job.
Adcock, most recently Tyson’s chief supply chain officer, joins Beyond Meat in the same position and takes what is a new role at the Beyond Burger maker.
Ethan Brown, Beyond Meat’s founder and CEO, said: “Doug and Bernie bring a proven track record of impressive operational excellence in the protein industry that our global partners, customers, and consumers expect and deserve.
“As we’ve made clear, we are investing today in tomorrow’s growth, whether by adding to our best-in-class management team or by building out operations around the world, to advance our vision of being the global protein company of the future.”
In October, Beyond Meat downgraded its expectations for third-quarter sales, citing the impact of the pandemic, problems with distributors and customer labour shortages.
The company’s third quarter, which ran to 2 October, ended up showing declining sales in the US, although international sales did grow.
Third-quarter revenues in the US fell 13.9% to $67.5m, with retail down 15.6% and foodservice minus 7.3%. Founder and CEO Ethan Brown said Beyond Meat faced challenges from an uptick in Covid-19, labour shortages and supply chain constraints, and “highly variable demand”.
Brown suggested at the time the decrease was down to a “pause” in consumer demand rather than any structural issue in the appetite for meat-free.
During a follow-up call with analysts, he said: “There’s no indication in my view that coming off of a record quarter of revenue in the second quarter to this quarter that there’s some fundamental change in the consumer mindset toward our products.
“I don’t think there’s any sector issue or any segment issue. We continue to see strong year-over-year growth in terms of overall annual revenue. And if you look at 2022 and the work we’re doing there, I think there’s tremendous excitement in our company about what’s coming.
“And so this is a bit of a kind of the pause. And had the pandemic and labour issues and supply chain stuff not interfered, I think this quarter would have been quite different.”
Earlier in November, Beyond Meat rival Maple Leaf Foods, the owner of the Lightlife and Field Roast Grain Meat Co. brands, pointed to “a marked slowdown” in the category in the US (citing pressure in the refrigerated segment) – and said it was putting its dedicated division under review.
Just Food opinion, November 2021: Beyond Meat sales add to alt-meat misgivings
Spend 4 days in the heart of the world forum for sustainable livestock farming
This 4, 5, 6 and 7 October, the SOMMET DE L'ELEVAGE will open its doors in Clermont-Ferrand (France) to an expected 100,000 visitors. Awaiting them will be 1,500 exhibitors and 2,000 animals on show and a packed programme.
For this 31st edition, the SOMMET offers many highlights such as:
- National Championship for the Charolais breed,
- European Championship for the Simmental breed,
- European Congress for the Hereford breed,
- The “Sommets d'Or” technical innovation competition,
- 100 conferences covering all the latest hot topics in agriculture,
- 30 farm visits,
- Many festive and convivial evenings...
and a VIP welcome for international press and visitors!
Do not hesitate! Come and join us for a press tour in the heart of Europe's largest grassland area to discover an exceptional showcase of the French know-how in terms of livestock production and the latest in farm machinery, equipment, and services for the entire farm industry, and most specifically the livestock industry.
|
|
||
|