Global menu

Our global pages

Close

Eversheds comment: Food prices drop is welcome news

  • United Kingdom

    11-01-2013

    On the news that global food prices have dropped 7%, Parmjit Singh, partner and head of food and drink sector at global law firm Eversheds comments:

    "For many months the feeling was that commodity inflation would not go away. Therefore, it must be pleasing for everyone involved in the food and drink industry - from manufacturers, retailers and consumers - to see the 7% drop in the FAO Food Index. Although it will take some time for these figures to feed into the system, at least it is a positive start to 2013.

    "If we can avoid the severe weather problems that we saw in 2012, hopefully we can see a continued drop in commodity inflation which would be very welcome when so many households are facing daily pressures on household spend."

    Parmjit Singh, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF

    © Eversheds Sutherland 2021. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.