Retailers are reportedly changing their approach to inventory management due to expectations of continued food price inflation. Elevated demand can be seen in U.S. seaborne imports of food and beverages which climbed 17.5% year over year in Q2’21. Imports of meat rose by 29.1% led by a 175.9% jump in imports associated with WH Group while Cargill’s climbed 58.5% higher. Imports of fruits and vegetables only expanded by 2.5% with hoarding largely impossible on a month-to-month basis. Imports linked to Dole Foods fell by 3.5% year over year while Fresh Del Monte has expanded throughout the...
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