Valentines - February 2017
With chocolate still not far from our thoughts on valentines day, there couldn’t be a better time than now to look at what chocolate prices are doing. According to the Mintec Chocolate Index, overall chocolate prices were up 4% y-o-y this Valentine’s Day
Mintec Christmas Dinner Index 2016
This year’s Mintec Christmas Dinner index shows that the cost price of a turkey dinner, with vegetables and all the trimmings, has gone up by 1% since last year.
Mintec Brexit Survey
Following the UK’s decision to leave the EU, volatile currency markets, changing trade agreements, and concerns over global investment have all made the procurement industry the one to watch.
As part of our Mintec/CIPS knowledge partnership, we are conducting a survey to see just how procurement professionals are perceiving, and reacting to, Brexit. Did you conduct a risk analysis beforehand? Do you see this as an opportunity? How are you prepared moving forward?
By completing this short survey, which should take you no longer than 10 minutes, you will be helping us to understand how we can support each other moving forward into the new procurement landscape post-Brexit.
We will share the results of the survey in the coming weeks. We look forward to hearing from you.
Brexit and food commodities
The potential impact of Brexit has been keeping us all anxious since Great Britain voted to leave the EU on June 23rd. Britain’s economy is the fifth largest in the world and the second largest in the EU. Any destabilisation at this level is likely to have an impact on all aspects of our lives. In this article, we will look at what impact Brexit has had on food commodity prices so far.
Global carton board prices slow their declines
Paper and board packaging is responsible for nearly 34% of the global packaging market. Find out more about how the prices have been affected by worldwide demand.
Mintec Picnic Index 2016
It looks like the warmer weather has finally arrived in the UK, and what better way to celebrate than having a picnic! The contents of a picnic basket may differ depending on personal preference and culture. However, there are certainly some items that are more common across Europe compared to the rest of the world.
We have put together a list of these items and indexed them to January 2013 so we can see how the price is moving from year to year. The Mintec Picnic Index is up 3% compared to the same time last year. There was a clear upward trend, largely due to a sharp increase in autumn, when the index rose 16% between September and November. Let us now look into what has been driving our index over the past twelve months.
Why is crude oil important?
The over 70% price drop in the price of crude oil has been on our minds here at Mintec. It’s a big fall that has far-reaching consequences and which we will try and explain in this report.