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Food aid charity under pressure from fuel costs

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Core Development: Food aid charity under pressure from fuel costs
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Market & Financial Impact: FareShare South West says fuel costs are putting immense pressure on work helping thousands in need.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

FareShare South West has its distribution hub in Plymouth

Soaring fuel prices are putting extra pressure on efforts to get food to thousands of people in need across Devon and Cornwall, the South West's largest food redistribution charity has warned.

FareShare South West said demand for food support had risen by 45% since the Covid-19 pandemic, while the cost of collecting and delivering surplus food had increased sharply.

The charity, which redistributes surplus food to about 70 organisations across the region, said it was facing the challenge of meeting growing demand while absorbing higher operating costs.

Bosses added they were also concerned about the impact on volunteers and staff, many of whom were paying more to travel to their shifts.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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