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Commodities down but food prices lag

Posted on 17 March 2009

From Reuters: Commodity costs may be off their record highs and consumers may be struggling, but that doesn’t mean food manufacturers are about to slash prices.

Many companies such as Campbell Soup Co and Hormel Foods Corp are still locked into contracts struck when prices of ingredients such as wheat, corn, beef, pork and packaging materials were at sky-high levels….. Full Article: Source


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