IMF highlights risk of “further price spikes” in food

Oct. 9, 2011 - PRLog -- It’s a tough time economically for Britain, and indeed much of the world, and the bad news is that the International Monetary Fund (IMF) has this week highlighted a risk of “further price spikes” in food. However, the good news is that there is a concrete way British consumers can counteract the rising price of food: by changing the way they shop for food, a change which is made possible by food distributors Shorters Club (http://www.shortersclub.co.uk/).

This time last year, we reported that food costs soared to their highest level in the previous 12 months, and it seems this year there’s worse to come. In the latest of the IMF’s twice yearly reports it states that for global food prices the “balance of risks...is still to the upside” due to decreasing supplies of farm commodities such as corn and the fact that "rapid increases in emerging market economy food consumption are showing no signs of moderating”. The IMF forecasts that a "combination of low inventories, volatile weather, and demand uncertainties related to China and biofuels raises the prospect of further price spikes over the next 12-to-18 months".

There’s not much consumers can do about weather conditions or global food consumption, but there is a specific way they can cut down on their personal food costs without sacrificing the amount, the type or the quality of the food; that’s by changing the way they shop and starting to buy food in bulk. Simply shopping around to get the best supermarket doesn’t provide enough savings to counteract what are amounting to significant price hikes. Instead, shoppers need to think differently about the way they shop. Buying food in bulk has always made financial sense because of the savings offered on wholesale food. However, up until recently this was only possible for small businesses in the hospitality industry through ‘Cash and Carry’ stores. Then, when some wholesale food suppliers opened their doors to the public, shoppers found none of the products they regularly buy.
That’s how food distributors Shorters Club began: to create a whole new way for consumers to save on food. We set out to offer the wholesale food savings for the individual shopper and not just for small businesses, we ensured the savings were available on smaller purchases and not just when bought in bulk, and – very importantly – we made sure all the top brands consumers regularly bought in supermarkets were included in our range. Shopping was made simple and quick with online ordering and door-to-door delivery was made affordable.

And so, a new way of shopping was born! Since then, Shorters Club has become the regular way to shop for groceries for legions of converts in the UK, and now, with ever-increasing food costs, there’s never been a better time to become a Shorters Club customer. See for yourself by browsing the aisles at http://www.shortersclub.co.uk/.