Food prices in the UK will rise in the New Year, a food industry expert says.
Food manufacturers have hedged against price increases post-Brexit but the increases are likely to come into effect in the New Year.
The message was delivered by Jon Miller from JLT Speciality who is part of an international team which looks at what factors will affect the food industry in the coming years.
He says that experts predict that three factors will dominate in the coming years:
- Water
- Population growth
- Climate change
All these factors will have an impact on the food chain and people’s ability to grow and provide food.
But the more optimistic view is that what can happen locally can have an effect on the wider food industry, Jon says.