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An exporter in the Indian eastern city of Kolkata, Atul Jhunjhunwala is passing through a rough time, having just lost another order due to the Red Sea. ....
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Global forces like the pandemic and the risk of war in ukraine have driven up fuel costs, coming home to leah s kitchen shelves. my son only eats a particular brand ofjam because he s got additional needs, and the price of the jam has gone up by a0 pence a jar. just down the road in wythenshawe is the factory where the jam s made. through that wall there is the warehouse. we ve arranged a visit for leah to find out why manufacturers are boosting their prices. richard, i mjust wondering, why are the prices ofjam going up as much as they are at the minute? it s down to a number of things. it s shipment costs, so that s getting the raw materials from around the world to the uk. that s a massive part of it. it s the cost of those raw materials. it s also the packaging materials, which is largely driven by energy costs. we ve seen our costs increase by around £8 million over a 12 month period. we can t absorb those costs. the cost of gas, for example, is up 28%. liquid fuels like propane a ....
We ve arranged a visit for leah to find out why manufacturers are boosting their prices. richard, i mjust wondering, why are the prices ofjam going up as much as they are at the minute? it s down to a number of things. it s shipment costs, so that s getting the raw materials from around the world to the uk. that s a massive part of it. it s the cost of those raw materials. it s also the packaging materials, which is largely driven by energy costs. we ve seen our costs increase by around £8 million over a 12 month period. we can t absorb those costs. the cost of gas, for example, is up 28%. liquid fuels like propane up 47%. and petrol s close to a record high. i can t afford to live as it is. i m getting rid of my car because i can t afford to keep it any longer. i m happy to get buses and stuff, moving forward. it would have gone to half a tank. it s gone to just over a quarter now, so. i only put £20 in, obviously, but, no, it sjust how it s going to be, isn t it? you re frightened ....