Associated British Foods reports “strong performance” in “tough” market conditions
International food and retail group Associated British Foods plc (ABF) has released its 2023 annual financial results for the 52 weeks ended 16th September 2023.
International food and retail group Associated British Foods plc (ABF) has released its 2023 annual financial results for the 52 weeks ended 16th September 2023.
The Smart Cube warns that the disruption causing “unprecedented” food inflation levels is far from over as sugar and oil prices are expected to rise.
Scottish manufacturer Walker’s Shortbread has seen its annual turnover climb by 16%, rising from £142.4m to £164.6m in a year.
Action on Sugar has called for products allegedly high in fat, sugar and salt to change their packaging so that they do not appeal to children.
According to research firm The Smart Cube, sugar prices have risen by 41.9% from June 2022 to June 2023, and it appears they will continue to rise.
The Food and Drink Federation (FDF) predicts that consumers will inevitably face higher food and drink prices over the next few years, causing a knock-on effect for food processors across the country.