Potato prices in the mults have jumped by as much as 100% on last year’s levels, research by The Grocer has found. As Grace Duncan reports in a news story published by The Grocer, after wholesale prices hit their highest-ever rates in May, The Grocer’s research found on-shelf retail prices for potatoes have also soared.
The biggest riser was Aldi’s Specially Selected Jersey Royal New Potatoes (500g) up 101.3% in a year from 79p to £1.59, followed by Tesco’s seasonal New Loose Potatoes, up 72.73% from 11p to 19p. There were eight lines more than 50% dearer.
It followed warnings earlier this month from wholesale supplier Tim O’Malley of Nationwide Produce that due to the weather and shortages, prices had hit the “highest levels I’ve ever known”. Kris Comerford, Asda’s chief commercial officer, said the the lag from price hikes would continue to impact inflation for some time. He says crisp manufacturers “may well struggle.”
Source: The Grocer. Read the full story here
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