Global menu

Our global pages

Close

Eversheds comment: Food prices drop is welcome news

  • United Kingdom

    11-01-2013

    On the news that global food prices have dropped 7%, Parmjit Singh, partner and head of food and drink sector at global law firm Eversheds comments:

    "For many months the feeling was that commodity inflation would not go away. Therefore, it must be pleasing for everyone involved in the food and drink industry - from manufacturers, retailers and consumers - to see the 7% drop in the FAO Food Index. Although it will take some time for these figures to feed into the system, at least it is a positive start to 2013.

    "If we can avoid the severe weather problems that we saw in 2012, hopefully we can see a continued drop in commodity inflation which would be very welcome when so many households are facing daily pressures on household spend."

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF
    Register to receive regular updates via email.