First up, lifted in toto from Food Processing Magazine, January 27:
Kraft Heinz to Raise Product Prices Again
Kraft Heinz plans to raise prices on some of its most popular products by up to 30% this spring, according to a report in CNN.
The company said in a letter to wholesalers dated Jan. 24 that it plans increases on dozens of products, ranging from 6.6% on 12oz Velveeta Fresh Packs to 30% on Oscar Mayer Turkey Bacon. Coffee and other beverages will also be affected. The letter was shown to CNN Business by a wholesaler who wants to remain anonymous.
Kraft Heinz said in the letter that it was being forced to raise prices by factors including "constrained supply, logistic bottlenecks and weather-driven crop losses." The company had instituted an earlier round of price increases last fall for some Oscar Mayer products.
QUINCY - According to an article published by KXLY, the Kraft Heinz Company recently informed its customers that the cost of its products will go up by about 30% in March 2022. That means Kraft cheeses, Heinz condiments, Kool-Aid, Capri-Sun, Ore-Ida, Maxwell House coffee, and more will all be going up in price in about a month.
The article states that other large food manufactures have already bumped up pricing and have stated that heightened price premiums are a result of inflation. Though, some grocers feel that big box food makers are inflating prices beyond the rate of inflation for the sake of profitability....
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