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Hopes for lower food prices in 2024 are receding

2023-11-28T19:19:17.671Z

Highlights: Government hopes of lower food prices in 2024 are likely to be dashed. Negotiations between distributors and manufacturers have been brought forward. 90% of manufacturers have already sent their general terms and conditions of sale. On average, they are asking for a 4% rate increase. The climate is more tense than ever, says an SME boss in the industrial pastry industry. The end of discussions has been brought. forward to 15 January for SMEs with a turnover of less than €350 million. and 31 January for others.


Negotiations between distributors and manufacturers, whose deadlines have been brought forward, are tense.


The government's hopes are likely to be dashed. Imposed by a recent law, the accelerated timetable for annual price negotiations between distributors and manufacturers of consumer products will, of course, be kept. But it is not expected to lead to the general drop in food prices that Bercy has been promising for months.

Distributors and their suppliers have just started their annual talks six weeks ahead of schedule. The climate is more tense than ever. "Last week, a distributor asked me point-blank for price reductions of 30%," says the boss of an SME in the industrial pastry industry.

New Inflation

The end of discussions has been brought forward to 15 January for SMEs with a turnover of less than €350 million, and 31 January for others. 90% of manufacturers have already sent their general terms and conditions of sale, and the last ones are expected by 5 December. On average, they are asking for a 4% rate increase...

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Source: lefigaro

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