BBCNEWS BBC News June 4, 2024 18:45:00
Take a block of cheese costing £2 50 p. an academic study shows that the farmers cost account for nearly £150 p. the retailers and processors overheads make up most of the rest. as for profit, there is just 3.5 p left to be split between them all. 0ur supply chains are tight. they may struggle to absorb higher costs. profit margins on other items are bigger, but for every £1 you spent in tesco last year, it made about 4p on profit. in sainsbury�*s, it was more like three p. supermarkets have taken a hit, and other costs are still rising. energy prices have doubled or tripled in some cases...