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Article: Drought should have little effect on packaged foods, says analyst. (Mary Lynn Harden, Duff & Phelps Inc.)
- Article from:
- PR Newswire
- Article date:
- August 17, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DROUGHT SHOULD HAVE LITTLE EFFECT ON PACKAGED FOODS, SAYS ANALYST
CHICAGO, Aug. 17 /PRNewswire/ -- Packaged food prices should show only moderate increases as a result of the drought, says an analyst at Duff & Phelps Inc., the Chicago-based investment research and financial consulting firm.
"Grain costs are only a small percentage of the total shelf price of a packaged food item," explained Mary Lynn Harden, a group vice president and financial analyst with Duff & Phelps. "Plant efficiencies and recent small price increases should offset any major rise in raw material costs, including ingredients."
Harden retains a positive investment ...
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