Commodities Boom Sends French Food Prices Rocketing

PARIS (Reuters) – Prices of grain and milk-based food products have surged in France in recent months due to booming commodities prices, a French consumer group said in a report.

A monitoring of over 1,000 products between the end of November and early January in five supermarkets showed that yoghurt, milk and pasta had most suffered from the surge in many agricultural commodities that started last year.

“They’re not rising, they’ve caught fire,” monthly 60 Millions de Consommateurs said in its March report, circulated ahead of publication on Tuesday.

“Everywhere since the start of the year, spaghetti, yoghurt, camembert cheeses, have seen staggering rises in prices,” it said, stressing that the surge had hit all types of products, famous brands as well as supermarket own-brands.

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