Rising food prices threaten kitchen spend

If you find yourself coming up against customers that insist they don’t have the funds to buy new equipment then we’ve got some bad news — things could just be about to come a lot harder.

That’s because caterers which are strapped for cash are also having to face up to the fact that rising food prices pose a major threat.

Pubs, hotels and restaurants are being urged to prepare for sharp price increases across a wide range of food and drink staples.

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According to buying experts, Lynx Purchasing, extreme weather and poor harvests — both in the UK and around the world — is set to lead to food suppliers imposing higher prices.

Lynx claims that unless caterers can lock in pricing deals now, they face seeing their margins eroded in the run-up to the peak Christmas trading period and into 2013.

“At the moment, there seems to be more bad news about global food suppliers everyday,” said John Pinder, managing director of Lynx Purchasing. “Pubs, restaurants and hotels are gearing up for the busiest trading period of the year, and the certainty they need on both price and quality are hard to find.”

Areas of concern remain the hike in meat prices, caused by the global culling of pigs and cattle due to high feed costs, and higher prices for potatoes and other vegetables after heavy rain at the start of the UK growing season.

Additionally, coffee prices have also increased following floods in Brazil and Columbia.

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