Posted on 05/05/2022 5:05:04 PM PDT by nickcarraway
Kellogg raised its 2022 forecast on Thursday, banking on more price increases to help counter the impact of supply shortages stemming from a workers’ strike at the company’s US plants last year and the war in Ukraine.
Shares of the Michigan-based company rose 4%, after it also beat first-quarter profit estimates.
Costs from freight and ingredients such as wheat, corn and edible oils have surged in the last year due to pandemic-induced disruptions to the global supply chain, forcing the packaged food industry to raise product prices to cushion the hit to their profit margins.
(Excerpt) Read more at nypost.com ...
Gosh. I have a sudden itch to go buy a bunch of Frosted Flakes now. Price increases do that to me.
Very true. Farmer’s are going experience a 40-50% reduction in yield without nitrogen though. Then translate that into the supply/demand outcome and people will be looking at a $10 box of cornflakes in 2023.
It’s all most folks will be able to afford pretty soon.
The contents shrink, the prices/profits expand.
Those corn flakes are now made in Mexico
I eat eggs every single day. Filling and healthy.
Cereal is a crappy breakfast.
Well the union in Battle Creek was on strike for months...
I won’t buy cereal unless it’s under a specific set price in my head. Good luck with that.
I sometimes ate gluten free cereal.
Choose the house brand instead of the name brand.
Aldi’s cereals are twice as delicious at half the price.
Some are probably okay.
An omelette with some peppers and onions, a banana, and a couple cups of black coffee…
Solid way to start the day.
No spring of Garlic?
.
Blasphemous
I occasionally pan sear some garlic first.
That stuff leaks out your pores when you sweat.
I’m trying to meet chicks, not scare off vampires...
Allergic to bananas and could never stand coffee.
Out of habit, I start warming up the olive oil and garlic in the pan before I even decide what to cook.
You’re the first person I have ever heard of that’s allergic to bananas.
Coffee is awesome. How about tea?
Kellogg’s went fully freako lefty decades ago—they have been on our boycott list.
Generic cereal is fine—and we usually have more fruit than cereal in the bowl anyway.
;-)
Eggs went up a lot. At least in Florida.
Bird flu. Millions of poultry destroyed. Maybe as bad as 2015 when it hit something like 15 states. Eggs are outasight everywhere.
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