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At Lidl, Edeka and Co., higher prices are looming: Why shopping could soon become more expensive

2021-05-28T19:30:45.425Z


Many everyday foods could become more expensive. Various manufacturers expect price increases in the supermarkets. Corona is just one reason.


Many everyday foods could become more expensive.

Various manufacturers expect price increases in the supermarkets.

Corona is just one reason.

Munich - Anyone who goes shopping at the nation's retail companies in the future will most likely not be able to avoid price increases in many areas.

The development on the global markets should ensure that consumers at supermarkets and discounters such as Edeka, Lidl and Co. will soon dig deeper into their pockets.

For example, there are currently “historical price swings” for grain, maize and oilseeds.

"If the prices for vegetable oils and grains stay that way for a while, then this will certainly be reflected in the food prices in the supermarket within a few months," says Thorsten Tiedemann, CEO of the Association of Grain Traders of the Hamburg Stock Exchange, of the

dpa

.

According to

Lebensmittelzeitung.net

, for example, soybeans have

increased in price by around 80 percent within a year.

Edeka, Lidl and Co .: Customers face higher prices - meat could also become more expensive

Higher costs for the raw materials mentioned then also have an indirect effect on prices for meat products *: Meat production would become more expensive because the same applies to the feed with which animals are fed until they are slaughtered.

Something similar is apparently in the making for sweets: Sugar has become around 77 percent more expensive within twelve months,

says t-online.de

.

Means that more money could be due for a number of sweetened foods.

Not to mention that some manufacturers sometimes do this via detours.

The reasons for the rapid rise in raw material prices are probably diverse.

Three factors appear to be decisive:

  • Bad harvests such as in Brazil.

  • Corona pandemic, as a result of which bottlenecks and labor shortages.

  • Increased demand from China.

Eugen Weinberg, raw materials analyst at Commerzbank, explains the last point: “China plays an important role here.

China imports 80 percent of the demand for soybeans, the quota for corn is similar.

Price increases in supermarkets: packaging also costs more money

The expected price increases are not only likely to affect foodstuffs, but also packaging: With surfactants, plastics or even paper, an inflation rate has occurred that is sometimes in the “high double-digit range”, the

LZ

quotes

the cleaning agent manufacturer Fit.

So it is at least fitting that new rules regarding plastic packaging and deposits will also be implemented in Germany from 2022.

The plastic type PET has increased by 75 percent compared to the previous year, which increases the processing costs accordingly.

Another decisive factor in this development are bottlenecks, which - the suspicion is obvious - are accompanied by increased demand from economically booming countries.

Who ultimately pays for the resulting price increases: the end customer.

+

There are historical price fluctuations for raw materials such as grain.

© Jens Büttner / dpa

Aldi, REWE and Co .: Hard bargaining when purchasing the products is looming

Paolo Leschiutta from the rating agency Moody's

told

Lebensmittelzeitung.net

: "Due to the significantly increased raw material costs, the annual talks in 2021 should be held with particularly hard bandages." The consumer goods expert explained that in the first Corona year 2020 prices had hardly been increased during the current year However, many manufacturers would be forced to take this step every year.

This will inevitably lead to heated price negotiations when it comes to the fact that large supermarket chains such as Aldi, REWE and Co. use their market power to get good conditions for them.

“The trade is putting a lot of pressure on us producers,” says a large food manufacturer.

But if the higher prices are enforced, the producers have a pleasant side effect: If the raw material costs fall again, companies could increase their profits if the final prices remain the same.

Many experts in this country are therefore expecting price increases in the consumer goods sector.

So there are also price explosions on the timber market.

The same threatens in other areas of life: will a similar development take place as in the USA?

In addition, the competition for retail companies is tougher: Lieferando also wants to deliver food and supermarket items in the future.

This service should be available to twelve million people by the end of the year.

(PF) Merkur.de and hna.de are offered by IPPEN.MEDIA.

List of rubric lists: © Sascha Steinach / imago-images

Source: merkur

All life articles on 2021-05-28

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