More food price hikes expected as rising input costs put pressure on producers’ margins
Commodity input cost increases have reached ‘unprecedented levels, placing both consumers and producers under significant pressure’
11 September 2022 - 10:09
As input costs continue to rise, analysts expect further price hikes from food producers such as AVI and RCL Foods, which this week released annual results showing pressure on margins.
Since last year, there has been a spike in prices for raw materials such as palm oil and glucose and for other inputs, including fuel and electricity, leading food producers to pass these costs on to consumers. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.