No one should be surprised that food companies are passing along tremendous increases in the prices of commodities. Consumers will be paying more for everything from hot dogs to corn flakes. Even the prices of Velveeta and Spam are going up.
According to the FT, "Kraft Foods (KFT), which has said it will push up its prices by 12-13 per cent this year, said some of its cheese categories could rise 25 per cent."
Sara Lee (SLE), Tyson (TSN), Kellogg’s (K), and ConAgra (CAG) are all planning similar increases.
Douglas A. McIntyre
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