General Mills will be raising its prices on Cheerios cereal,
Yoplait yogurt, and many of its other processed goods as soon as it can
overcome the reluctance of some grocery chains that are trying to keep prices
stable. The reason is overwhelming pressure on its logistics expenses, as truck
freight costs have escalated rapidly during this past year.
Other companies that are likely to follow this example are
Campbell Soup, Kellogg Co., Conagra Brands Inc., Hershey Co., Mondalez International
Inc, J.M. Smucker Co., Tyson Foods, Hormel Foods Corp., and B&G food
makers—all due to truck freight cost rises. (My source for the above is the March 22, 2018 article, “Food
Makers Ready Higher Prices,” in The Wall
Street Journal, page B1.)
And, specifically, cocoa and its products are going to be
hit hard, due to agricultural problems in Ivory Coast and Ghana (The Wall Street Journal, March 21, 2018,
page B16.)
Therefore, a word to the wise: Buy all forms now—chips, unsweetened baking bars, and unsweetened cocoa. You might want to put some candy bars in the freezer for your kids’—or your—later enjoyment, too!
© Copyright Deborahmichelle Sanders 2018. All rights
reserved.
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