6Foot2 Posted December 20, 2021 Posted December 20, 2021 Link: Hobnobs maker warns biscuit prices set to soar - BBC News Biscuit maker McVitie's says the prices of many of its best-selling brands are set to soar. The firm, which is owned by Pladis Global, said brands such as Jaffa Cakes, Penguins and Hobnobs could go up in price by as much as 5%. It blamed staff absences, more expensive ingredients and higher labour costs which it says it has to pass on to consumers. However, it said its "humble chocolate digestive" would be less affected. Pladis's UK managing director, David Murray, said: "Omicron disruption, absenteeism, and the rising cost of business going forward present a big challenge for us. "At the end of the day, like in many other categories, it will flow through to higher prices." Pladis, which also manufactures Jacob's crackers and Go Ahead fruit bars, said it had seen double digit-percentage cost rises on ingredients such as cocoa beans recently. Higher wheat prices have also hit the business. "We've dealt with substantial challenges in the past in the food industry - whether it's natural disasters, inflation in the economic crisis," Mr Murray said. "It's the compression of the challenge, combined with the scale of some of them [that is different this time]," he added. Shortages of many goods, including building materials and computer chips, are causing supply problems and pushing up prices across industries. The cost of living surged by 5.1% in the 12 months to November, up from 4.2% the month before, and its highest level since September 2011. Food and drink firms recently warned that they had seen "terrifying" price rises which would have a knock-on effect on consumers.
Garacesh Posted December 20, 2021 Posted December 20, 2021 It's fine, we've all had times where we've needed to bring a service in-house. I'm sure we can do the same to eduhobnobs. 1
Ditto Posted December 20, 2021 Posted December 20, 2021 I was equally concerned when I saw the headline but in the article it said "go up in price by as much as 5%". In terms of BBC journalism, I don't think that really is newsworthy. To be honest, I think they are taking the biscuit. 1
stevejp Posted December 20, 2021 Posted December 20, 2021 (edited) The whole situation is absolutely crackers. In fact, it’s bourbonkers. (extra points if anyone can get custard creams in before the mods get here…) Edited December 20, 2021 by stevejp
stevejp Posted December 20, 2021 Posted December 20, 2021 (edited) Looks like we Jammie Dodgered a bullet, there - better tread gingerly from now on… Edited December 20, 2021 by stevejp
Andrew_C Posted December 21, 2021 Posted December 21, 2021 I can't help wonder what the share dividend is? And I'd guess that 'absenteeism' is actually staff who have to stay at home with children who have Covid.
flyinghaggis Posted December 21, 2021 Posted December 21, 2021 "Price of goods set to rise by the rate of inflation!" Must be a slow news day
mikeprice Posted December 21, 2021 Posted December 21, 2021 That is just making me sick or maybe I just have a digestive problem because I was out for a long time - maybe I was a wafer too long Anyway - I reckon there is a evil Middle Eastern bloke who has kidnapped a load of them and caused a supply problem apparently his favourite are Jafar cakes!! all together now He's Behind you!!!!! 1
stevejp Posted December 21, 2021 Posted December 21, 2021 This is all getting a bit rich - tea time, I believe, once I’ve fed the (kit) kat…
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