LONDON, April 25 (Reuters) - Associated British Foods does not expect to have to push through many more price
increases to customers of its food businesses in the second
half, its boss said on Tuesday.
"We've achieved cost recovery in most areas now, so the
second half will see much less (price rises)," Chief Executive
George Weston told Reuters after the group reported first half
results.
He said the second half would see the benefit of price rises
pushed through to recover inflation in its own input costs.
"We've had 18 months of trying to keep up with these cost
increases," he said.
Weston said sugar was likely to be an exception in the
second half.
"Sugar customers will likely see higher prices. The price of
sugar as a commodity globally is the highest it's been for some
while," he said.
(Reporting by James Davey, Editing by Paul Sandle)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.