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Wednesday, March 23, 2011

General Mills Warns of Further Price Hikes

Here's another one of the many articles I have seen recently about rising food prices.  Prices will NOT be going down, so buy your food storage as soon as you can.

General Mills Warns Of Further Price Hikes; Shares Fall

March 23, 2011
"As we look forward to fiscal 2012, we currently anticipate that supply chain inflation will be higher than this year's estimated 4 to 5 percent rate," said Chairman and CEO Ken Powell in a statement before the company's conference call.
But during the call, Powell admitted that higher inflation is a real concern right now and not just in 2012.
"We believe (that) we are going to see generalized food inflation across all segments," he said,...

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