Jun 29, 2022
The squeeze on fuel and energy costs will also push food prices higher, because a lot of agriculture is very energy intensive, the Institute of Grocery Distribution (IGD) said. Fertiliser prices have also nearly tripled since last year. A lot of foil and wood pulp normally come from Russia, and the war has driven up packaging prices of those materials. Plastic packaging, which is made from oil, is also more expensive. Ukrainian roads, ports and warehouses have been heavily damaged in the war, and so the volume of exports will be reduced "for years to come" IGD said, putting pressure on supplies of sunflower oil and wheat.
‘Summer food prices to rise quickly, say grocery analysts’, BBC
