The spectre of commodity costs lingers
It was a week in which bold predictions were made on commodity costs, consumer confidence and M&A but, as Dean Best writes, uncertainty shrouds all three topics.
General Mills chief Ken Powell is looking to the future with confidence after a "tough" 12 months in which the US food giant has battled the highest commodity inflation it has seen in 30 years.
Flavours and fragrances group Givaudan has insisted it is confident it can push price increases through to its food manufacturing customers, despite a hike in raw materials costs hitting profits over the past year.
Global food ingredients manufacturer International Flavors and Fragrances has said it expects to have to again look to push through price increases to its customers in 2012.
UK egg prices have seen a dramatic increase in the wake of the introduction of an EU ruling on animal welfare, with obvious implications for the margins of food manufacturers.