BHETA will publish a monthly tracker to keep its members up to date with costs and exchange rates.
Alongside its other data-driven reports for members, which are based on a collation of the most up to date financial and market-based financial and performance statistics, BHETA is now publishing a monthly ‘commodity price tracker’, which aims to help members keep abreast of commodity, energy and logistics costs, as well as exchange rates.
The report collates relevant raw materials prices into one excel document for members, sourcing prices from Trading Economics, Lets Recycle, Compass and Google Finance.
The latest report features the latest raw materials prices and predictions, Far East freight costs and exchange rate information.
The BHETA commodity price tracker sits alongside BHETA’s monthly Economic Snapshot and quarterly Market Data report.
Steve Richardson, BHETA marketing director, explained: “Product costs are made up of many elements, including raw materials, transportation, labour, energy, and processing, so it is crucial that suppliers and buyers understand the relative influence of each if they are to have meaningful and productive price negotiations with retail channels.
“This information, used alongside category data and opportunities in different channels at home and overseas is a vital lifeline for company and brand planning. It’s great that BHETA, thanks to its contacts is in a position to supply this kind of intelligence to members.”
