Thursday, November 4, 2010

Food price changing. John Kwon


This article contains concerns for increase in prices of staples such as milk, beef, coffee, cocoa and sugar. Hence some food makers and retailers will try to pass the price weight on the customers for costs for ingredients. In lots of food business, price for the ingredients have raised in small percentage, however the effect that the price changed impacting the food business to change the price higher and its becoming severer. Also with the downfall of economy, people’s unwillingness to go out spend money on dinning, and other leisure can sometimes become the reason for long term downfall of economy and increase price of products and as well as ingredients. Some experts are concerned about the fact that food price are rising faster than overall inflation, which also can cause the world’s food trading and the downfall of whole trading relationships and economy. food price changing is inevitable when it occurs in naturally over time, however sudden rapid changes in the price might cause whole food related business, and in wider picture, the nation’s and world’s economy can go through downfall.


http://online.wsj.com/article/SB10001424052748704506404575592313664715360.html?mod=WSJ_Hospitality_leftHeadlines

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