Circana found that lower egg prices led to lower August 2023 dollar sales of dairy products

“Meat continues to be the biggest phase at $8.3 billion (for August), however they’ve had some difficulties retaining these models going, and as meat costs have deflated, the worth of {dollars} has additionally declined. Manufacturing had a robust second month. It was a robust July, and a robust August as properly.” , because the pound really rose although models fell barely, (and)… the bakery had the best complete at 4.1%, in fact, most of that’s associated to inflation,” stated Anne-Marie Roerink, head of 210 Analytics.

Eggs drag down greenback gross sales in dairy, models stay flat in August

Whereas models remained flat in August for dairy gross sales, the decline in egg costs from final yr’s highs is weighing on greenback gross sales for the general dairy class, which noticed greenback gross sales decline 3.5% over the 5 weeks in August, although that class is down. Up 11.3% over the 52 weeks ending September 3, 2023, based on Circana MULO knowledge.

“We will see the identical story right here for a number of months to return, and that is the story that at the moment final yr, in fact we had 50, 60, 70% inflation in eggs. Now, it is shrinking dramatically, and that is really what’s driving the numbers of eggs down.” Total dairy. Total, we have not seen demand for eggs come again. I count on it’ll take a number of extra months for individuals to completely notice how low costs are.

Yogurt, whipped cream, bitter cream and cottage cheese recorded will increase in greenback gross sales and unit gross sales in August, and cream/cream and cream cheese noticed greenback gross sales will increase of 4.2% and a pair of.6%, respectively. Yogurt noticed 5.2% in {dollars} and 0.6% in unit development, whipped toppings noticed 9.5% in {dollars} and a pair of.0% in unit development, bitter cream noticed 4.3% in {dollars} and 1.1% in unit development, and cottage cheese noticed 17% in {dollars} and 1.1% in unit development. % in unit development. 13.2% in unit development throughout the 5 weeks of August, ending September 3, 2023.

    (Tags for translation) Markets 

You may also like...

Leave a Reply