Britain tells its food industry to prepare for CO2 price shock | Malay Mail

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LONDON, Sept 22 — Britain warned its food producers today to prepare for a 500 per cent rise in carbon dioxide prices after extending emergency state support to avert a shortage of poultry and meat triggered by soaring costs of wholesale natural gas. Natural gas prices have spiked this year as...

LONDON, Sept 22 — Britain warned its food producers today to prepare for a 500 per cent rise in carbon dioxide prices after extending emergency state support to avert a shortage of poultry and meat triggered by soaring costs of wholesale natural gas.

The natural gas price surge has forced some fertiliser plants to shut in recent weeks, leading to a shortage of CO2 used to put the fizz into beer and sodas and stun poultry and pigs before slaughter. The three-week support for CF would cost “many millions, possibly tens of millions but it’s to underpin some of those fixed costs,” Eustice said.It was not immediately clear how the state intervention by one of Europe’s most traditionally laissez-faire governments would affect the price of fertiliser — another key cost for food producers — and whether or not it would stoke demands from other energy-heavy industries for similar state support.

 

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