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Got Milk? Got Problems |
| Published: May 14, 2007, 5:09 am |
| Tags: milk, investments, hershey, earnings, estimates stocks, dairy |
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Dairy economists predict the retail price of milk could rise as much as 30 cents per gallon by this fall. Is that a big deal? Maybe not to the average consumer, but for businesses which use dairy in the production of their goods; it is a big deal. The latest company impacted by the increase in price is Hershey Co. They cut their earnings expectations because of the rising demand for ethanol. Fuel and feed costs for farmers and the need for milk products around the world are the main reason for the increase in price. Take notice of organizations that are not easily able to adjust for the adverse effect of the rise in dairy pricing. [ Full article ] |
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