Nestle and Kellogg struggle on food cost
China Daily | Updated: 2008-08-12 08:15
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The international headquarters of Nestle SA in Vevey, Switzerland Bloomberg News |
Nestle SA, the world's largest food company, and Kellogg Co, the biggest US cereal maker, can't raise prices fast enough to sustain earnings growth after the cost of grains, dairy products and meat surged to records.
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