Spring 2017 Market Forecast
Staying on Top of Rising Prices
Troubles rarely travel alone, they say, and when it comes to rising food and drink prices, a number of factors are combining to cause significant challenges for the foodservice industry in the months ahead.
Autumn 2016 Market Forecast
Suppliers Uncertain As Sterling Drop Continues
Caterers should stay cautiously optimistic as they wait to see the real impact of the move towards Brexit on food and drink prices. With the Government having confirmed that Article 50 will be triggered in the first quarter of 2017, we can start to see the timetable for Brexit,
but it’s still not clear what it will mean in terms of our trading relationship with Europe and the rest of the world.
Summer 2016 Market Forecast
Brexit fears hitting produce prices
Uncertainty over the UK’s future in Europe is affecting food and drink prices, with the implications of a potential Brexit hitting
confidence at key points in the supply chain.
In the run-up to the referendum, suppliers are reporting a range of factors combining to put upward pressure on the prices being paid by caterers. While there are strong views in both camps as to whether Brexit would be good for the UK in the long-term, the extended debate is having an impact.
Spring 2016 Market Forecast
Watching the weather
The UK’s unpredictable weather means caterers are likely to face uncertain supplies and higher prices for a range of produce this spring. The long, mild spell that lasted through November and into December has left both growers and produce suppliers waiting to count the cost.
While newspaper stories during the very mild start to winter were all about wild flowers still blooming, farmers and growers were more worried about crops planted in the autumn also having an early growth spurt. This could mean they will either be harvested earlier, or will struggle to sustain quality right the way through until picking.
Autumn 2015 Market Forecast
‘Hold Your Nerve’ on Christmas Pricing, urges Lynx Purchasing
Operators ordering essential seasonal produce such as turkeys have room for negotiation with suppliers thanks to lower costs this year, advises buying specialist Lynx Purchasing.
‘Hold your nerve’ is a key message in the newly-published Autumn 2015 edition of the Lynx Purchasing Market Forecast. Lynx managing director John Pinder said, “Most hotels, restaurants and pubs have their Christmas menus in place by now and hopefully, bookings starting to fill the December diary.
Summer 2015 Market Forecast
Lynx Purchasing Urges Operators To Trial New Menu Ideas.
The combination of quality home-grown produce and low food inflation means the time is right for operators to trial new dishes and menu ideas, advises buying specialist Lynx Purchasing.
The call to use seasonal produce to ring the menu changes comes in the newly-published Summer 2015 edition of the Lynx Purchasing Market Forecast. Lynx managing director John Pinder said, “Inflation is at a historically low level, and as we move from spring into summer the availability of UK meat, seafood and fresh fruit and veg is generally very good, quality is high, and value for money is excellent.
“As the same time, there’s a strong consumer appetite for new flavours and innovative dishes. We are continuing to see new smokehouse and barbecue concepts rolling out, and this trend coincides with an upsurge in slow-cooked dishes and underused meat cuts such as brisket and pork shoulder appearing on menus."
Spring 2015 Market Forecast
Lynx Purchasing warns on rising beef prices
Beef will increasingly command a premium on menus as a global shortage drives up price, warns buying specialist Lynx Purchasing.
Along with the prime cuts needed for steaks and Sunday roasts, the impact of higher beef prices is also affecting the offcuts and trim used in menu mainstays such as pies and burgers.
Autumn/Winter 2014 Market Forecast
Lynx Purchasing break down the market forecast for Autumn and Winter in 2014. Analysing trends and seasonality for produce, including beef, pork, lamb, poultry, fish, fruit & veg and more. This data provides essential insight into how business owners, chefs and buyers should prepare for Christmas.
For more information download the market forecast PDF
Summer 2014 Market Forecast
The Summer 2014 Market Forecast looks at the prospects for food pricing across the summer and into the autumn. An overview of market and pricing trends for hospitality operators, the Market Forecast combines analysis of headline ONS inflation figures with exclusive insight from Lynx suppliers.
Spring 2014 Market Forecast
The newly-published Spring 2014 edition of the Lynx Purchasing Market Forecast reveals that while the impact of the UK’s terrible weather at the start of the year has so far been limited, factors ranging from rising global demand for key product lines to disease in some farmed species are having an impact on prices.
“The overall CPI rate of food inflation was 1.9% in January, with food inflation at 1.8%,” said Lynx John Pinder managing director buying specialist Lynx Purchasing. “However, caterers tend to pay higher prices than the headline rate, which reflects deals and promotions by supermarkets.”
The Spring 2014 Market Forecast looks at the prospects for food pricing as restaurants, pubs and hotels plan menus for the key Easter trading period. An overview of market and pricing trends for hospitality operators, the Market Forecast combines analysis of headline ONS inflation figures with exclusive insight from Lynx suppliers.
Pinder said: “Inevitably, our customers have been asking what the impact of the weather will be on their food costs. While the weather is always one of the biggest variables that we face on the supply side when calculating prices, so far the effects have been limited.