New BFM furniture commodity pricing service
The BFM is pleased to announce the launch of a new service for member companies that will help with purchasing decisions and negotiations with suppliers. The BFM has subscribed to a price data service with trends graphically displayed for over 90 commodities in Sterling and (mainly) Euros to show how fluctuations in currency can also impact on price.
For each of the commodities covered price trends are shown up to the present time. In most cases the benchmark date begins in July 2008, although in some cases where prices have remained fairly flat for a period of time, we have taken the start date back a few more years to give a better idea of trends.
The commodities were chosen in a pilot exercise by BFM members as representing significant purchases to them as furniture manufacturers.
Price data on 90 items is available in the following areas:Abrasives, Board, Container rates, Energy, Fibres, Foam chemicals, Leather, Logs, Metals/wire, Packaging, Timber/wood, Waste