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Rob R

Dispatches: The Truth About Food Prices

Dispatches: The Truth About Food Prices

Some interesting points raised in this programme, not the the truth, the whole truth & nothing but the truth, but enough for the public to be going on with.

Going through that idiots bin & the kind of stuff they were chucking away was just shocking [a whole unopened pizza that could have gone in the freezer]. Shocked The excuse; 'we find it hard to buy things that will last the week' [so we buy more than we need & throw a lot of it striaght in the bin], if anyone can explain that one to me, answers on a postcard please. Confused
wildgarlic

I found the programme didn't tell me much that I hadn't already read on forums such as this one - do those people REALLY throw that much edible food away each week, or was that a set up for the cameras?
JB

Don't suppose you could give a quick precis could you? What did they identify as the major causes of food price inflation?
Rob R

JB wrote:
Don't suppose you could give a quick precis could you? What did they identify as the major causes of food price inflation?


Erm, well it's on 4od if you want to check but the reasons I can remember (in no particular order) were:

- biofuels (and the 5% & 10% pledges)
- supermarkets increasing their margins on the back of general price rises
- the futures market (ie people investing in wheat futures & pushing the market price up)
- drought in Australia
- increased prosperity of China
- fuel price increase

There may be more reasons, but they were also talking about how we could save, mainly on:

- shopping around, away from supermarkets
- wasting less
- buying from discount supermarkets
JB

Rob R wrote:
JB wrote:
Don't suppose you could give a quick precis could you? What did they identify as the major causes of food price inflation?


Erm, well it's on 4od if you want to check but the reasons I can remember (in no particular order) were:

- biofuels (and the 5% & 10% pledges)
- supermarkets increasing their margins on the back of general price rises
- the futures market (ie people investing in wheat futures & pushing the market price up)
- drought in Australia
- increased prosperity of China
- fuel price increase


Ta for that. 4od was whinging about not having windows media something or other. Slightly surprised that Chinese prosperity appears as a reason for increased food prices, how does that work?
Rob R

The richer they get, the more wasteful they become, like us pale

Edit: Apparently they are also eating more beef and, apparently, it takes 7kg of grain to produce 1kg of beef Rolling Eyes
bagpuss

JB wrote:

Ta for that. 4od was whinging about not having windows media something or other. Slightly surprised that Chinese prosperity appears as a reason for increased food prices, how does that work?


isn't that down to increased demand, more prosperity means less subsistence and more demand for cultivated food so the prices go up as more people want the same number of resources
marigold

If people in this country stopped wasting food, presumably that would actually help to drive prices UP, as supermarket profits would be reduced and they'd increase prices to compensate for falling sales?
jema

I only had half an ear open but the people seemed clueless as to the cost of what they put in their own shopping baskets. No idea even what a loaf of bread cost Confused
RichardW

marigold wrote:
If people in this country stopped wasting food, presumably that would actually help to drive prices UP, as supermarket profits would be reduced and they'd increase prices to compensate for falling sales?


Yes but you would be buying less to start with too. Also most of the waste is pre consumer. Rejected by the supermarkets standards or out of date & damaged stuff.

RichardW
marigold

RichardW wrote:
marigold wrote:
If people in this country stopped wasting food, presumably that would actually help to drive prices UP, as supermarket profits would be reduced and they'd increase prices to compensate for falling sales?


Yes but you would be buying less to start with too. Also most of the waste is pre consumer. Rejected by the supermarkets standards or out of date & damaged stuff.

RichardW


I thought someone had done a survey that showed that people chuck out 30-40% of the food they buy? http://www.wrap.org.uk/retail/food_waste/research/the_food_we_waste.html
Rob R

marigold wrote:
I thought someone had done a survey that showed that people chuck out 30-40% of the food they buy? http://www.wrap.org.uk/retail/food_waste/research/the_food_we_waste.html


I find the 30% figure totally believable, based on my experience of non-downsizerish aquaintances.

They also mentioned on the programme that supermarkets, although giving the impression that they compete on price, actually compete on market share. They give that impression to lure people in, even though the local butcher or greengrocer may be considerably cheaper. Most people choose which supermarket to attend on proximity, not price.
RichardW

marigold wrote:
I thought someone had done a survey that showed that people chuck out 30-40% of the food they buy? http://www.wrap.org.uk/retail/food_waste/research/the_food_we_waste.html


Read the full report (237 pages) & 19% of that is unavoidable (bones, veg peelings, teabags etc)

Sort of takes the wind out of the 40% figure.

Still to much mind.

RichardW
Rob R

RichardW wrote:

Read the full report (237 pages) & 19% of that is unavoidable (bones, veg peelings, teabags etc)


Isn't that 19% of the 30% of waste, so effectively 6% of the total?
Treacodactyl

bagpuss wrote:
JB wrote:

Ta for that. 4od was whinging about not having windows media something or other. Slightly surprised that Chinese prosperity appears as a reason for increased food prices, how does that work?


isn't that down to increased demand, more prosperity means less subsistence and more demand for cultivated food so the prices go up as more people want the same number of resources


One of the main reasons given was the increased consumption of meat. I can't remember the exact numbers but it was a huge amount of cereals for a small amount of meat.

jema wrote:
I only had half an ear open but the people seemed clueless as to the cost of what they put in their own shopping baskets. No idea even what a loaf of bread cost Confused


I'm not sure if that's a problem. We don't really throw out anything and I don't tend to know the prices for many things. I've no idea how much a loaf of bread costs but that's mainly because we've not bought one for years.
marigold

RichardW wrote:

Read the full report (237 pages) & 19% of that is unavoidable (bones, veg peelings, teabags etc)


A used tea bag isn't waste in the same way as an uneaten ready meal is.

Doesn't matter whether it's 10% waste or 40%, the principle is still the same, if supermarket turnover drops because people waste less and therefore buy less, then the supermarkets will have to increase their profits somehow and prices may go up.
Rob R

marigold wrote:
then the supermarkets will have to increase their profits somehow and prices may go up.


They're doing that already though, that's part of the problem, people just don't realise it (because the adverts said they were cheaper...)
JB

marigold wrote:
I thought someone had done a survey that showed that people chuck out 30-40% of the food they buy? http://www.wrap.org.uk/retail/food_waste/research/the_food_we_waste.html


Not just consumers after they buy the produce;

Grocer's anger at small kiwi rule
RichardW

Rob R wrote:

Isn't that 19% of the 30% of waste, so effectively 6% of the total?


No of the total or thats how I read it anyway. Will check

RichardW
Rob R

I've found it myself now & will post it so you can make your own minds up:

Quote:
Most of the food we throw away (4.1 million tonnes or 61%) is avoidable and could have been eaten if it had
been managed better. Truly unavoidable food waste, like vegetable peelings, meat carcasses and teabags,
accounts for 1.3 million tonnes a year or 19% of the total, with the remainder being ‘possibly avoidable’ food
waste – items such as bread crusts that some people choose not to eat and potato skins which can be eaten
when food is prepared in certain ways but not in others.
RichardW

marigold wrote:

Doesn't matter whether it's 10% waste or 40%, the principle is still the same, if supermarket turnover drops because people waste less and therefore buy less, then the supermarkets will have to increase their profits somehow and prices may go up.


I agree. But if you look purely at the numbers.

If a shop sell you £100 of food in week one & you chuck 50% the shop took £100 & you spent £100 & lets say they made £20

But then you think bugger this & only bought half as much eventualy the shop would double it prices (so ok in the mean time you save). So again you spend £100 & the shop get £100.

The shop will actualy make more money in option 2 as they only bought half the stock, half the transport smaller shops, less delivery so much less overheads. So if consumers half their buying shops can double prices & we are no worse off. In actual fact they would only need to raise prices by double the profit margin to break even. So £50 worth of shoping at todays prices would cost£70 but will still feed you for as long as £100 used to & the shop will be making the same amount of money for less work.



RichardW

PS

Quote:
Most of the food we throw away (4.1 million tonnes or 61%) is avoidable and could have been eaten if it had
been managed better. Truly unavoidable food waste, like vegetable peelings, meat carcasses and teabags,
accounts for 1.3 million tonnes a year or 19% of the total, with the remainder being ‘possibly avoidable’ food
waste – items such as bread crusts that some people choose not to eat and potato skins which can be eaten
when food is prepared in certain ways but not in others.


Hum yeh does seem to mean 19% of the total wasted not 19% of total bought.

Lies, dam lies & statistics
marigold

RichardW wrote:
marigold wrote:

Doesn't matter whether it's 10% waste or 40%, the principle is still the same, if supermarket turnover drops because people waste less and therefore buy less, then the supermarkets will have to increase their profits somehow and prices may go up.


I agree. But if you look purely at the numbers.

If a shop sell you £100 of food in week one & you chuck 50% the shop took £100 & you spent £100 & lets say they made £20

But then you think bugger this & only bought half as much eventualy the shop would double it prices (so ok in the mean time you save). So again you spend £100 & the shop get £100.

The shop will actualy make more money in option 2 as they only bought half the stock, half the transport smaller shops, less delivery so much less overheads. So if consumers half their buying shops can double prices & we are no worse off. In actual fact they would only need to raise prices by double the profit margin to break even. So £50 worth of shoping at todays prices would cost£70 but will still feed you for as long as £100 used to & the shop will be making the same amount of money for less work.



RichardW

PS


Makes sense, thanks Very Happy . I'm not clever with numbers Embarassed .
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