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Grocers, Manufacturers at Odds Over Prices
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Updated On: Mar 16, 2009 (06:08:00)
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"Grocers, Name-Brand Food Producers at Odds Over Prices," March 2, 2009. Jerry Hirsch. Los Angeles Times. "There's a tug-of-war underway over food prices between the nation's supermarkets and giant food manufacturers including Nestle, Unilever and Kellogg.
The nation's big grocery chains contend that food manufacturers have raised prices too fast and too far, considering large drops in prices for fuel, corn, wheat and other important commodities in recent months.
The food companies disagree and say they are still coping with many rising prices themselves.
At issue are surging wholesale prices for products such as Nestle's Dreyer's Grand Ice Cream, which rose 14% last April. Since then, the price that farmers get for milk -- the main ingredient -- has dropped 36%...."
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