EGYPT CRISIS SPARKS FOOD SUPPLY JITTERS IN EUROPE
January 1st, 2011
BY MARIYA PETKOVA, BY ALAN OSBORN, BY PAUL COCHRANE, BY LEE ADENDOORF, BY MAKKI MARSEILLES AND VÉRONIQUE NARAME
THE EGYPTIAN political crisis could hardly have happened at a worse time for the European food industry, struggling to contain the significant increases in commodity prices of 2010. According to the UK's Food and Drink Federation raw material costs have not been immediately matched by higher retail prices and two-thirds of its members expect to increase prices in 2011.
This problem has been compounded by Egypt's food exports to the European Union ...
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