UK: Government report paves way for UK’s potential global first snacks tax
DATE 21Jul 2021

A UK-government linked National Food Strategy (NFS) report could see the creation of a global first ‘snacks tax’ imposed on manufacturers, increasing the cost of key chocolate and wider confectionery brands, reports Neill Barston. According to the latest independent review, which comes amid a major obesity crisis in which figures have revealed two thirds of… Read More »

China: Behind the transitory ‘sugar high’, the US economy faces raising risks
DATE 21Jul 2021

Not long after the US economy boarded a high-speed recovery train, economists estimated that the growth speed is likely going to hit a high point in the second quarter and will later slow down as the boost from fiscal stimulus and reopening fade, according to a Wall Street Journal survey.

USA: SOFTS-Arabica coffee surge 6% on Brazil frost fears
DATE 21Jul 2021

Arabica coffee futures on ICE jumped 6% to their highest in 1-1/2 months on Tuesday, lifted by fears over frosts in top producer Brazil, while robusta coffee hit a three-year high.

Kenya: Huge expectations ahead of Uhuru’s Western region tour
DATE 21Jul 2021

President Uhuru Kenyatta will have a full plate during his planned tour of Western next month. A section of leaders from the region started piling pressure on President Kenyatta’s administration to release funds for stalled multi-billion-shilling projects in the region ahead of the visit.

UK: Sugar and salt tax will add £160 to UK grocery bills, industry warns
DATE 21Jul 2021

Annual grocery bills will rise by £160 a year if the UK government passes on the cost of its new policies on recycling and advertising of sugary and salty snacks, industry leaders have warned. Poor families will be hit hardest with an 11% increase in the cost of their shopping, the equivalent of their entire… Read More »