16.03.2009 - Price battles looming for food makers
From Reuters: What a difference a year -- and a recession -- makes for the food industry. This time last year, food manufacturers were struggling to raise prices fast enough to keep pace with the soaring cost of ingredients such as wheat and corn. Now, as companies like Campbell Soup Co, Sara Lee Corp and Unilever Plc prepare discuss their strategies at next week's Reuters Food and Agriculture Summit in Chicago, food makers are fighting to hold onto those price increases as stressed consumers tighten household budgets..... Full Article: Source
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