Consumer inflation v supermarket

[Sid]

Soaring petrol costs drive UK inflation to 30-year high

Prices went up by 7% in the 12 months to March, as food and fuel costs continued to climb.

www.bbc.co.uk

Tesco vows to rein in prices as profits treble

Tesco announces a sharp rise in profits but warns it will come under pressure from rising inflation.

www.bbc.co.uk

 

[Bald Rick]

Of course the supermarkets will try to "rein in prices" ....... they are the heroes of the pandemic, doncha know

 

[teslacoils]

Bring out the Grocery Adjudicator! Oh.

 

[The Seeker]

Well if I don’t see a 10% increase on the trade £this year I’ll be out

 

[Treg]

Soaring petrol costs drive UK inflation to 30-year high

Prices went up by 7% in the 12 months to March, as food and fuel costs continued to climb.

www.bbc.co.uk

Tesco vows to rein in prices as profits treble

Tesco announces a sharp rise in profits but warns it will come under pressure from rising inflation.

www.bbc.co.uk

Doesn't that mean they could have kept prices where they were & made the same profit as before
I expecting a pay rise then please Tescos

 

[7610 super q]

Columbian drug barons would be ashamed at such practices....

 

[Still Farming]

Supermarkets try and look like Martyrs allegedly, look good pay farmers extra for produce and just double up to the consumer, therefore making in the process?

 

[Tarw Coch]

Supermarkets try and look like Martyrs allegedly, look good pay farmers extra for produce and just double up to the consumer, therefore making in the process?

I remember back in the day when FFA used to picket the supermarkets for a milk price rise, and get something like an extra 2 pence a litre.
There would then follow an announcement that milk was going up 2pence a pint to pass back to the farmers
Crafty buggers

 

[icanshootwell]

Do you think the tesco reads the TFF?













If by chance they do, there a bunch of robbing basta#ds.
When food does go up, they will make even more, what fun this farming has become, don,t worry tesco, the farmer will absorb the cost of production, just as long as i can brake evens i can go to bed knowing that tesco are making wads of cash. f**k the new tractor, who wants one of them, bloody over priced anyway, can,t afford the fuel to go in the fu'ker anymore.

 

[snipe]

Heard a story that 3 big beef farmers ( over 1000 head each)that all supplied Woodheads had stopped supplying. Subsequently the supermarket that woodheads supply began to run short, had a meeting with the farmers and asked how much they want to start supplying them again, similar story with a large carrot grower who decided to pack in, supermarket asked him how much he needed to continue

 

[Sid]

Heard a story that 3 big beef farmers ( over 1000 head each)that all supplied Woodheads had stopped supplying. Subsequently the supermarket that woodheads supply began to run short, had a meeting with the farmers and asked how much they want to start supplying them again, similar story with a large carrot grower who decided to pack in, supermarket asked him how much he needed to continue

Thousands of tons of root veg going for animal feed as there is over supply atm.

 

[Yale]

Thousands of tons of root veg going for animal feed as there is over supply atm.

The supermarkets have destroyed the supply chain.

Now the lack of resilience is really beginning to bite and you can't just turn the clock back as those historical businesses which were there have been killed off by the.......supermarkets!

 

[SilliamWhale]

barstewards but a great supermarket.

The fruit and veg is always better there

 

[Jimdog1]

I think we are at the beginning of the supermarkets reaping what they have sown. Sky high input prices, lower production in some sectors and a lack of alternative sources to fill any gaps. And there is nothing anyone can do. Government has dismantled the tools to encourage production. The supermarket model will not allow them to pay more whilst they currently have stock on the shelves. The means of Producing pork/poultry/eggs/beef are shrinking and I believe shortages will be felt in 6-12 months time. It won't matter how much they want to pay then as the stock simply will not be there.

 

[som farmer]

Soaring petrol costs drive UK inflation to 30-year high

Prices went up by 7% in the 12 months to March, as food and fuel costs continued to climb.

www.bbc.co.uk

Tesco vows to rein in prices as profits treble

Tesco announces a sharp rise in profits but warns it will come under pressure from rising inflation.

www.bbc.co.uk

they only have to say, 'reigning in prices', and everyone will believe it.
but you can guarantee their profit margin doesn't lose out.

successive government's, have followed a cheap food policy, with very little concern about farming in the UK, unless a 'weather', or similar event, then we are heroes. But that policy was only effective when cheap food was available to import. The imported food routes were finely balanced, relying on the 'just in time' basis, meaning s/mkts didn't have to hold large stocks, of anything, stocks = expensive, everything sold in a s/mkt, is monitored, automatically recorded, and that stock, is replaced over night, fantastic, you really can't help but admire it, but a shitty little virus finished it.

So, not only s/mkts, but most businesses, will have to start building stock up again, a double whammy, not only is food price rising, they have to pay, to build those stocks back up. There can be little doubt that food supplies, across the globe, while not 'short', are not plentiful, that is shown by prices, we are paid, here in the UK.

The next problem, is how do you change a policy, that has worked, from guvs point of view, not farmers, for 50 yrs, cheap food.. I doubt many UK politicians, have the slightest idea why food inflation is occurring, why should they ? Food has been to cheap for decades, they know nothing else. But now, that policy has imploded, big time, and at a time when energy prices have exploded, a potential European war, and climate change. Headless chicken, springs to mind ! But for any meaningful policy, to emerge, on food security, politicians have to be convinced, that this isn't just a temporary 'blib'.
One has to have some sympathy for Boris, he most certainly didn't expect the nightmares that have occurred, and still occurring, when he entered no. 10.

 

[Sid]

they only have to say, 'reigning in prices', and everyone will believe it.
but you can guarantee their profit margin doesn't lose out.

Profit margin is actually quite low. But a massive turnover.

 

[Yale]

To be fair I think the side businesses regarding supermarkets are the profit makers, banking, mobile phone, finance etc.

A bit like some farmers subsidising the farm from diversification.

However this means they have the income stream to be even more brutal with suppliers which further weakens the supply chain.

Almost gets to the point where ‘we have no food but do you want a mobile phone or a loan’ conversation at the till.

 

[delilah]

The supermarkets have destroyed the supply chain.

Now the lack of resilience is really beginning to bite and you can't just turn the clock back as those historical businesses which were there have been killed off by the.......supermarkets!

Anyone able to share a statement from our national representative body that points that out ?

No, thought not. We have all been complicit in this, by allowing those who represent us to sell our industry out to the cartel.
(disagree with the turning the clock back bit. It's never too late).

 

[delilah]

Heard a story that 3 big beef farmers ( over 1000 head each)that all supplied Woodheads had stopped supplying. Subsequently the supermarket that woodheads supply began to run short, had a meeting with the farmers and asked how much they want to start supplying them again, similar story with a large carrot grower who decided to pack in, supermarket asked him how much he needed to continue

And that's the point. They only want to deal with the biggest. All those folks on here who think that they have a future producing beef and lamb at the scale they are currently at, they need to look at the pig and poultry sector. McDonalds are not your friend. The cartel are not your friend. Market share is the root of all evil.

 

[topground]

And that's the point. They only want to deal with the biggest. All those folks on here who think that they have a future producing beef and lamb at the scale they are currently at, they need to look at the pig and poultry sector. McDonalds are not your friend. The cartel are not your friend. Market share is the root of all evil.

Anyone who farms beef and lamb and signs up for the supermarket integrated supply system will only have themselves to blame when the beef and lamb job goes the same way as pigs and poultry.
The only way to preserve any semblance of independence is to sell live through the auction market. Make the cartel compete for your stock and if you don’t like the price take the stock home. Bin farm assurance which is a market manipulation tool which only benefits the cartel.