Stephen Sanger, chief executive of US cereal maker General Mills, has said most food manufacturers in the US are likely to have to raise prices on some products in order to offset rising commodity costs.


Sanger did not, however, comment on whether prices would increase on any of General Mills’ products, saying it was against company policy to comment on prospective price hikes, reported Reuters.


“The food industry is facing significant inflation in its input costs and all of us will have the challenge of doing things to maintain our margins,” Sanger said in a speech at Goldman Sachs’ Global Consumer Products Conference in New York.


“That is likely going to be addressed through a combination of pricing and productivity,” he was quoted by Reuters as saying.


Hain Celestial and Birds Eye Foods are among several US food manufacturers to have recently announced planned price increases due to higher commodity costs.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.