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Hospitality must prepare for more increases in food and drink prices

26 September 2012 by
Hospitality must prepare for more increases in food and drink prices

Caterers, restaurants, hotels and pubs are urged to prepare for another wave of food and drink price hikes as a result of extreme weather and poor harvests both home and abroad.

Food service providers need to lock-in pricing deals now, warns buying specialist Lynx Purchasing; otherwise they risk seeing their margins eroded in the run-up to Christmas as suppliers impose higher tariffs on a wide range of staple food and drink products.

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

Lynx will launch its latest Market Forecast, featuring advice and pricing predictions, at the Restaurant Show next month.

By Janie Manzoori-Stamford

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