Consumers will see food prices stabilize, pressure in commodity prices will ease, General Mills CEO says

Nevin Barich

Nevin Barich

LOS ANGELES , March 22, 2012 () – General Mills CEO Ken Powell said consumers will see food prices stabilize and that the pressure in commodity prices will ease, MarketWatch reported March 21.

According to food economists at the U.S. Department of Agriculture (USDA), grocery-store prices will likely rise again this year at a pace in line with the 20-year average of 2.8%.

According to USDA data, supermarket prices rose 4.8% last year, the largest gain since 2008’s rise of 6.4%.

The primary source of this article is MarketWatch, New York, New York, on March 21, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.