Britain'sfavouritefreshproducemagazinesince1895
ByMartynFisher
Monday11thApril2016,11:23GMT
Pricewar'trebles
numberof
producersgoing
bust'
CompetitionfromLidlandAldihasledtoan
escalatingpricewar,whichisharmingfoodproducers
AsurveybyaccountancyfirmMoore
Stephenssaid162foodproductioncompaniesfellintoinsolvencylast
year
T
he number of food producers
A spokesperson for Moore Stephens said
retailpricingstrategiesofbigretailersmean
that have gone bust have tripled
foodsuppliersare"bearingthebruntofthe
smaller food producers are struggling to
stayafloat.
overthepastfiveyearsasaresult
ongoing supermarket price war as their
ofthesupermarketpricewars,anewreport
profit margins are squeezed by big
hasclaimed.
supermarket chains trying to offer
consumersthelowestpricespossiblewhile
A survey by accountancy firm Moore
maintainingtheirownprofitmargins."
"Food supplier insolvencies are still rising
assmallproducerscontinuetobethemajor
casualtiesinthesupermarketpricewar."
Stephens said 162 food production
Swiftsaidthatwithover70percentofUK
companies fell into insolvency last year,
Duncan Swift, partner and head of food
morethantreblethe48insolvenciesinthe
advisory at Moore Stephens, added: "With
food suppliers' produce "going across the
sector in 2010, and 11 per cent more than
the likes of Aldi and Lidl announcing
buying desks of the UK's top 10
justayearago.
further plans for expansion, competition
between
Itblamesthesupermarketsector'songoing
budget
and
traditional
supermarkets,
buyer
power
supermarketsremainsenormous."
supermarketsisonlygoingtoheatup.
price war, sparked by the growth of
discounters Aldi and Lidl, which has seen
the
"Theextremebuyingand
thebigfourcuttingtheirpricesinabidto
staycompetitive.
http://www.fruitnet.com/americafruit/article/1474/parts-of-san-diego-quarantined-as-psyllid-count-mounts
©CopyrightMarketIntelligenceLtd-Fruitnet.com2014.ThecopyrightonthisarticleandallcontentpublishedonMarketIntelligenceLtdFruitnet.comisheldbyMarketIntelligenceLtd-Fruitnet.comLimited,ajointventurebetweenMarketIntelligenceLimitedandDrRolfMWolf
MediaGmbH.Allrightsreserved.Neitherthisarticlenoranypartofitmaybereproduced,storedortransmittedinanyform,includingprintouts,screengrabsandinformationretrievalsystems,withoutthepriorpermissionofthecopyrightowners.
of