Supermarket prices for tinned fish are surging as suppliers warn profit margins have been battered by high raw material costs.Tinned tuna prices have been increasing since the beginning of the year, and are now up 4% on average compared with last year across 179 SKUs in the major mults [Brand View 52 w/e 13 September 2017]. Prices are rising across both branded and own label tins. A four-pack of John West Tuna Chunks in Sunflower Oil (4x160g) is now £4.61 on average across the major mults, up 7.5% compared with last year, while a four-pack of own label tuna chunks in brine (4x185g) is up 11.9% year on year to £3.97 on average.Tesco has doubled its price for a three-packs of Princes Drained Tuna Steak in spring water, brine or olive oil to £4, while Asda has hiked the price of a three-pack of Princes Sandwich Tuna in spring water or sunflower oil (3x160g) by 36.4% to £3.And it’s not just tuna. Average prices are up 5% year on year across the 437 ambient fish SKUs in the major mults, with tinned salmon (up 8%), anchovy (5%), mackerel (8%) and sardines (8%) all more expensive than last year.A 95g tin of John West Boneless Sardines In Sunflower Oil is up 19.6% to £1.25 on average, while an 80g pot of John West Infusions Salmon Sweet Chilli is up 8% to £1.41 and a 125g tin of Princes Mackerel Fillets In Rich Tomato Sauce, is up 6.5% to £1.10.The increases in shelf price for ambient fish, which are a combination of higher base prices and changes to promotions, mark the end of a long period of deflation in the category, previously a target for supermarket price wars.It follows warnings from suppliers that raw material prices were surging due to supply shortages and the post-Brexit currency crash.“Ambient fish has seen an inflation due to increasing raw material prices and the impact of exchange rates,” says Neil Brownbill, marketing director at Princes. “Reflective of these cost increases, inflation has been passed on to retailers. Over the last 12 months our average unit price has increased by an average of 3.2% year on year, however most of the impact has been felt in the last 12 weeks when the average increase was 10.7% year in year.”In its Q2 2017 trading update, John West brand owner Thai Union reported a 14.5% drop in profits compared with the same quarter in 2016. It said this was “driven mostly by raw material prices, which increased significantly from the previous year”.Skipjack tuna prices averaged at $1,763 (£1,332)/tonne during the second quarter of 2017 – up 17.3% on last year, it said, while the salmon price averaged at NOK69/kg, up 6.6% year on year.Thai Union said it increased the average selling prices of its ambient fish by 3.1% to reflect the rising costs. “Ambient fish has seen an inflation due to increasing raw material prices and the impact of exchange rates. Reflective of these cost increases, inflation has been passed on to retailers. Over the last 12 months our average unit price has increased by an average of 3.2% YOY, however most of the impact has been felt in the last 12 weeks when the average increase was 10.7% YOY.”
Senator Pam Helming earlier this week announced that the New York State Department of Environmental Conservation has extended the application deadline for the Lake Ontario General Permit as well as the expiration date of the permit. According to an official statement, this will allow property owners affected by last year’s devastating Lake Ontario flooding and the resulting shoreline erosion and damage to continue to make necessary repairs to their homes and businesses.The extension means the DEC will accept applications through April 30, 2019, and work must be completed by September 30, 2019.“Many residents and businesses along the southern shore of Lake Ontario are still grappling with the aftermath and trying to get their homes, businesses, and lives back in order after last year’s flooding. Extending the application deadline and expiration date for the Lake Ontario General Permit will ensure that property owners have the time they need to complete the work they need to do and fully repair their homes and businesses,” Senator Helming said.The DEC has also revised the permit to allow property owners to undertake additional work to restore their homes and businesses and stabilize their properties against high water levels and wind-driven high wave events.These activities include:Repair of erosion control structures that require minor deviations necessary for the stability of the structure;New toe stone necessary for the stabilization of vertical erosion control structures;New stone revetments for the emergency stabilization of existing dwellings;Removal of channel blockages in tributaries to Lake Ontario blocked by shoreline sediments.
I guess the New England Patriots Bill Belichick and Tom Brady are at it again. I know you have heard by now that they found 11 of the 12 game balls used by the New England Patriots were 2 pounds below playing weight. Everyone theorizes that this was done to help Brady, his receivers, and his running backs grip the ball better in poor weather conditions. For those who don’t know, each team uses their own type of football in pro football games.This is not the first time Belichick and his team have tried to see just what the rules might allow them to do. A few years back they were part of “Spy Gate” in which they tried to steel signals from the coaches of the opposing team during a game. It is also rumored that they might have tried lip reading as well to pick up plays from their opposition.This bad reputation the Patriots are earning even goes back to snow removal which occurred during some of those famous winters in New England. They reportedly removed snow for the Patriots but let their opposition struggle in the deep slush. If you believe in retribution, Seattle should win the Super Bowl.