General Mills is the latest food manufacturer to report a decline
in net profit this year, and again the blame goes on raw material
price hikes and fierce competition in the retail sector writes
Anthony Fletcher.
There are signs that rising commodity costs are pinching the length
of the food chain with US cereal product maker General Mills
warning that, despite strong fourth quarter figures, the soaring
costs will have an impact in the near...
Despite significant restructuring following the acquisition of
Pillsbury in 2001, US bakery and foods giant General Mills is
reported to be satisfied with its overall results for the first
quarter of fiscal 2004.
General Mills is launching a series of Oatmeal Crisp Fruit 'n
Cereal bars, the latest addition to the firms' snack product range
that includes Nature Valley and Milk 'n Cereal bars.
