15.07.2011 - ABF sees commodities trough receding

Associated British Foods PLC on Thursday warned the pressures on food costs faced by manufacturers and retailers mean U.K. shoppers, already facing a squeeze on incomes, will continue to pay more for staple grocery items at the tills. "Price increases are still feeding through the system. A lot of the soft commodity prices have gone up," Finance Director John Bason said..............................................Full Article: Source

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