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General Mills hikes prices 2-9%
Maker of Cheerios, Yoplait raises prices to distributors amid increased energy, ingredient costs.
June 23, 2004: 7:42 AM EDT

NEW YORK (CNN) - General Mills, one of the nation's largest food marketing companies with brand names like Cheerios, Yoplait yogurt, and Pillsbury, recently raised prices on several of its signature products, a company spokeswoman told CNNfn.

"Prices on some of our ready-to-serve soups, yogurts, baking products, snack products and frozen yogurt products increased by two to nine percent on the varied products," Mary Beth Thoursgaard said.

"You have to remember though, these are the increases we charged to our distributors," Thoursgaard said. "How the food chains decide to charge the consumers is up to them" and is likely to vary depending upon where the consumer lives.

Thoursgaard cited increased energy and ingredient costs for the move. General Mills' (GIS: Research, Estimates) price hike for retailers went into effect June 5.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.