General Mills, Kelloggs weather high agricultural costs
Growth is expected despite high agricultural and dairy input costs.
Despite high costs and shortages of agricultural products, General Mills, Kelloggs and other processed foods companies are growing, says a new report from ExpertRECALL Index. However, producers could face regulatory challenges due to a rise in dairy input costs. Thanks to a diverse and industry-leading product line, General Mills is expected to continue its track record of adding seven percent to earnings rates per annum. Kellogg’s fourth-quarter revenue of $3.6 billion was up 18.2 percent from last year, and the company will seek to continue growth by appealing to health-conscious consumers.