A number of food companies have recently reported that higher ingredient and commodity costs have pressured their results in recent quarters as global food prices continue to rise.
Companies including Hershey (HSY), J.M. Smucker (SJM), Panera Bread (PNRA), McCormick (MKC), ConAgra Foods (CAG), Kellogg (K) and Sara Lee (SLE) have all said their financial results were impacted by higher commodity costs on everything from wheat and sugar to coffee beans and fuel, and implemented price increases to help offset those costs.
-- Written by Miriam Marcus Reimer in New York.
>To contact the writer of this article, click here: Miriam Reimer.
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