Fine food news
Following the countries decision on Brexit, we have seen unprecedented reductions in the value of sterling against both the US dollar and Euro. This has pushed prices north and with regret we will have to make price increases, we are only doing so due to the dramatic change in the value of sterling, which is out of our control.
Dairy market is also seeing strain due to the poor spring flush and ever increasing demand, again this is having a knock on effect with the British butter and hard cheese market. Again we will continue to monitor the situation, but be rest assured we will only sell 100% quality British cheddar and butter. Now might be a good time to stock up on our Scottish Lockerbie cheddar which is currently on special this month (purchased prior to increased pricing)
More bad news for the pastry chef
Global vanilla shortage may cause ice cream prices to soar this summer
Vanilla is the second most expensive spice in the world after saffron
Madagascar the world’s biggest vanilla producer has seen yields fall due poor flowering in 2014 this was the start to a bleak market price and quality fell due to harvesting prematurely. 2015 seen better pollination so prices expect to fall in the fourth quarter of 2016 due to an improvement in yields.
Due to poor cocoa harvest, there are price increases already taking effect. We purchased ahead of increase to secure stock at the lowest possible price but this won’t last forever and there is already talk of another pricing review, our advice would be buy soon to avoid further price increases.