Read on Twitter
Dairy farmers seek government help as lockdown forces milk dumping https://www.ft.com/content/64e5e6b2-3c29-4ed0-a83f-f5f66d517315 via @financialtimes
A now-familiar story:
1) Increased at-home demand can't make up for the lost out-of-home demand. Turns out takeaway milky coffees aren't an essential item after all.
2) Difficulty in converting wholesale products to retail packs.
#food #dairy #oatt
1) Increased at-home demand can't make up for the lost out-of-home demand. Turns out takeaway milky coffees aren't an essential item after all.
2) Difficulty in converting wholesale products to retail packs.
#food #dairy #oatt
I'm convinced 1 is happening in #sugar too.
Any increase in home baking won't offset losses in out-of-home soda and ice cream sales in 2020.
Think of all the drinks that now won't be consumed at concerts, festivals, sports events, movies... https://twitter.com/StephenGeldart/status/1239911099207745542
Any increase in home baking won't offset losses in out-of-home soda and ice cream sales in 2020.
Think of all the drinks that now won't be consumed at concerts, festivals, sports events, movies... https://twitter.com/StephenGeldart/status/1239911099207745542
We've seen similar challenges in flexing from wholesale to retail sales in other staple foods like flour too.
Retail sales normally account for 4% of the UK flour market.
Not many homes want to buy a 16kg catering pack. https://www.bbc.co.uk/news/uk-52212760
Retail sales normally account for 4% of the UK flour market.
Not many homes want to buy a 16kg catering pack. https://www.bbc.co.uk/news/uk-52212760
Returning to dairy, we wrote a few days ago, "we are approaching the seasonal Northern Hemisphere flush, so the market will have to cope with more product at a time when supply chains are already stressed"
This now seems to be happening. https://czapp.com/opinions/1393
This now seems to be happening. https://czapp.com/opinions/1393
