UK: Price hike for apple juice due to Chinese climate - report
UK supermarkets are set to raise the price of apple juice due to climate changes affecting crops in China, according to reports.
The Daily Telegraph said yesterday (23 January) that the cold and wet weather in China has reduced apple crops by 10% and added to global price increases for its juice concentrate.
China Fruit Marketing Association deputy secretary Sha Lixun was cited as saying: "Our estimate of the 2007 apple crop is about 25m tons, 10% lower than the previous year. In 2005, export price of apple juice concentrate at Chinese customs was only US$500-600 per ton. Now it's $1,500 per ton.''
The newspaper added that UK supermarket chain Tesco has confirmed that its retail price for apple juice has already started to rise.
- Most Valuable Spirits Brands in 2017 - The facts
- Diageo Africa president O'Keeffe on beer & spirits
- Travel Retail needs a disruptor - Comment
- Most Valuable Beer Brands in 2017 - The facts
- Is sustainability now as important as financials?
- Diageo ready to lock horns with AB InBev in Africa
- Fever-Tree eyes bumper NPD, pack formats for 2017
- Diageo unveils Blender's Batch in the US
- Heineken mulls M&A with $1.75bn notes issue
- Stock Spirits, Distell add UK to partnership
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Spirit Market in the Top 5 European Countries to 2021 - Market Size, Development, and Forecasts