Published by Global Banking & Finance Review®
Posted on March 31, 2026
2 min readLast updated: March 31, 2026
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Princes Group warns that Middle East conflict–driven spikes in fuel, transport and packaging costs will force price rises, despite securing around 70% of energy for 2026 to shield against volatility.
March 31 (Reuters) - Grocery supplier Princes Group said on Tuesday it would raise prices where needed to offset renewed cost pressures from rising fuel, transport, and packaging costs from the Middle East conflict.
The Liverpool-based owner of the Napolina pasta and tinned tuna brand, Princes, said it would implement pass-through pricing mechanisms as necessary to manage rising costs, having secured about 70% of its energy requirement for 2026 to protect against near-term volatility, while actively managing logistics pressures through contractual mechanisms and route optimisation.
UK food manufacturers, which benefited from commodity deflation in 2025, are now facing a reversal in pricing dynamics as they brace for a return of cost inflation across energy and distribution networks that could test their ability to protect margins without eroding volumes.
Princes posted a 150% surge in adjusted core profit to 148 million pounds ($195.29 million) for 2025, as the firm confirmed its medium-term guidance of a 3 billion pound plus revenue and margin expansion of more than 300 basis points from 2024 levels.
($1 = 0.7579 pounds)
(Reporting by Raechel Thankam Job and Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
Princes Group is raising prices to offset rising fuel, transport, and packaging costs caused by the Middle East conflict.
Princes Group is implementing pass-through pricing mechanisms and has secured about 70% of its energy needs for 2026 to manage volatility.
Princes Group posted a 150% increase in adjusted core profit to 148 million pounds in 2025 and confirmed revenue guidance above 3 billion pounds.
The conflict leads to higher energy and distribution costs, reversing previous commodity deflation and increasing inflation pressures on UK food manufacturers.
Princes Group owns brands such as Napolina pasta and tinned tuna.
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