Food Prices Raise
After a serious increase, the oil prices go down more than they have for the last year. The problem is this does not seem to reflect in the price of all other products, especially in that of alimentary goods.
Even though producers pays less for transportation, and so do retailers, the food prices have not lowered a cent. The high prices are not willing to just disappear from the supermarket shelves, especially that it is to nobody’s disadvantage, apart from the buyer’s, of course.
But, as in all fields, there are also companies who have chosen not to raise prices along with the oil’s because they feared they may loose customers who will go choosing a cheaper alternative.
An example is Tyson Foods, Inc. who has chosen to bear losses but keep the number of customers rising, then act like the majority of the companies.
Coca Cola and Pepsi have not made any announcements about future price changes, whereas Anheuser-Busch Cos. Inc. and SABMiller’s U.S. have both raised their price for beer.
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This post was written by Dana Ciucalau on October 20, 2008
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