In other news, the Malaysian Agricultural department and LuLu Hypermarket in Bahrain are promoting Malaysian pineapples, while a global coalition called Beans are How aims to double the global consumption of beans by 2028. In the US, Amazon leads grocers in personalization, according to a report by data analytics firm dunnhumby. Finally, the Consumer Price Index for All Urban Consumers (CPI-U) in the US remained unchanged in October, with the fruits and vegetables index also remaining unchanged.
Key takeaways:
- Latvian Prime Minister Evika Siliņa announced that to apply a reduced VAT rate of 12% to fresh fruit and vegetables next year, it will require EUR16mln in the budget.
- A study from Retail Insight found that 28% of UK grocery baskets are made up of promotional products, with fresh meat being the most promotionally sensitive food category.
- Asda, Britain's third-largest supermarket group, reported a slowdown in its sales growth, with a 2.8% year-on-year increase in its third quarter, down from 9.6% in the previous quarter.
- Beans are How, a global coalition, aims to double the global consumption of beans by 2028 as a solution to cost of living, health, and environmental challenges.