MARKET CONDITIONS AND

storms. These extreme weather events, both in the UK and globally, are becoming more commonplace and pose numerous challenges throughout the supply chain.

In the last quarter, we have seen -25% and -21% in Rapeseed and Sunflower Oil and this trend is expected to continue. Greaterthan-expected yields from Ukraine and a high processing rate in 2022 mean that stocks of both types of

The cost of Milk and other dairy products has been decreasing since the start of the year with a slight uptick in February. We are currently experiencing a -21% monthly decrease and a -10% quarterly decrease. Domestic cheddar Cheeses are -15% down on the previous quarter, and Butter is -6% better off over the same period.

In the coming months items such as Carrots, Lettuce and Spinach will all be coming into season and we are already seeing some of these decreases with the above three products showing weekly price reductions of -2%, -5% and -9% respectively.

Areas to watch

Linked to the cost-of-living crisis the retail demand for premium cuts of beef such as steaks has reduced dramatically. There has been a 9% quarterly increase in the price of beef cuts due to smaller herd sizes and higher production and processing costs.

After a positive first quarter in which the price of Lamb decreased by -11% due to good availability, the last month has seen a +16% increase and an +8% increase on the previous quarter.

Chicken has been negatively impacted by the European strain of Avian Flu, and with more culls expected, the prices have continued to trend upwards in this new year. So far, we have seen a +1% monthly increase and a +22% quarterly increase.

Eggs are seeing a +7.5% increase on the last quarter due to negative impacts such as the HPAI virus and high demand over the Easter period.

Egypt has announced a Sugar export ban, and India is set to slow exports over the next few months, meaning the European shortage of white sugar will worsen. Compounded by Easter purchasing we are now looking at monthly increases of +18% with no indication of a reversal.

Similarly, Coffee has seen quarterly increases of +22%. This increase is largely attributed to concerns over weather conditions in growing regions and low current stock levels.

Currently in season

Pelican can help guide you with ways of reducing and managing your costs. Using seasonal produce is a great way of keeping costs down.

Here are some foods currently in season:

Artichoke, Asparagus, Aubergine, Beetroot, Brocolli, Chicory, Chillies, Coley, Elderflowers, Lambs Lettuce, Marrow, New Potatoes, Peas, Peppers, Plaice, Radishes, Rhubarb, Rocket, Samphire, Sorrel, Spinach, Spring Greens, Spring Onions, Strawberries, Sweetheart Cabbage, Wild Garlic, Watercress.

We’re here to help.

If you’d like to view the complete version of the latest Market Report, or if you need supply chain support, please get in touch with us at hello@pelicanprocurement.co.uk