Thursday, January 24, 2008
Do Rising Food Prices Add Up?
But it seems to me that the price even six months ago was maybe $3.60. Add 5%, and you get a bit under $3.80. I'd figure that if wholesale prices were going up a set percentage, then you could expect retail prices to go up by the same percentage. But clearly the percentage is being doubled. So, are the experts deliberately making their estimates too low to try and stave off political heat? Or is someone jacking up the price even higher to skim extra profit? Or is my memory of pricing going wrong? Maybe it's me, but something seems odd. I will note the following about Archer Daniels Midland Company (or ADM, as they've tried to rebrand themselves) - one of the world's largest grain processors:
|Fiscal Year||Revenue||Gross Profit||Percentage Profit|
Wednesday, April 25, 2007
Chocolate Manufacturers Petition FDA to Redefine Chocolate
Hershey, the largest U.S. candy maker, says that broader labeling is needed to keep up with changing consumer tastes. "The petition would modernize all food standards, increasing flexibility to accommodate changes in technology," Kirk Saville, spokesman for the Hershey, Pennsylvania-based company, said in an interview. "Changes, if adopted, would provide the flexibility to make changes based on consumer taste preference, ingredient costs and availability, and shelf life."Or changes based on profits. Unfortunately, mass manufactured chocolate is so far below the good stuff in quality that many people may have lost the ability to tell whether it is getting even worse. Today is the last day for public comment - use this form.