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Raw material costs likely to prompt price hike in beers.
(From Off Licence News)
S&N and Heineken have warned that prices will have to rise as costs for raw materials and utilities spiral.
In its full-year results statement, S&N said its "input costs" - the price of raw materials, packaging and utilities - had gone up 8.5 per cent. Price rises in the UK are likely.
Heineken said it anticipated a 15 per cent price increase in its raw material and packaging costs. The Dutch brewer said it was confident costs would be passed on in most markets. Carlsberg has also warned 2008 will be a challenging year. Chief executive JArgen Buhl Rasmussen said: "The marked increases in raw material prices will make 2008 a challenging year, so it will be more important than ever to focus on value growth in sales and efficiency in the organisation." Carlsberg described ...
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