Friday, February 22, 2008

Grain Prices Zoom

Grain prices hurt two ways. Wheat prices push up bakery expenses while high corn prices boost cost of hog and chicken feed
Go to Toronto Star original
Canada's largest food processor says it will raise its prices next month – for the second time in six months – as it attempts to offset the impact on its bottom line of soaring grain costs and a rising Canadian dollar.

Maple Leaf Foods Inc., whose brands include Maple Leaf fresh poultry and pork as well as Dempster's bread, didn't rule out another price hike later this year if costs keep escalating.

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