It’s not as simple as keep putting prices up and consumers will pay
Posted on: 25/01/23
That’s the statement from Robert Graham in his letter to his farmers who highlights an (unnamed retailer) Grahams trade with where a 15p increase in a dairy product supplied by Grahams resulted in a whopping 70% decrease in sales.
Unfortunately, milk supply and demand is a perfect storm. Farmers have ramped up production whilst consumers have reacted to high dairy prices.