Showing posts with label global food prices hit record high. Show all posts
Showing posts with label global food prices hit record high. Show all posts

Friday, March 4, 2011

Global Food Prices Hit Record High

I know this to be true.  Why just last night I bought a 26 oz. can of Maxwell House coffee for U.S. $11.79!  Yes, I like one good cup of coffee early in the morning to start the day right but what a price to pay!

So if you are in the food industry, you better start raising prices *slowly* to your customers now so you don't end up eating into your year-end profit margins.  Or, worse yet, don't smack your customers with a huge price hike all at once.  That's a sure-fire way to lose a customer.  Small price adjustments always work better.

Read the article here.