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Food & Beverage

Nestle Emerging Market Growth to Offset Cost Increases

February 17, 2011
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Reuters reports that Nestle, the world''s biggest food maker, said strong demand in emerging markets would help it offset a steep rise in input costs in 2011 after it beat sales forecasts for 2010. The maker of Nescafe coffee and Gerber baby food said it was well placed to cope with rising commodity prices by making cost savings and pushing up its own prices. The increase would be about 8-10 percent on a cost base of about 30 billion Swiss francs, a Nestle spokesman said. Nestle can rely on its strong presence in emerging markets, where underlying sales growth was 11.5 percent in 2010, and the appeal of brands such as KitKat chocolate bars to offset rising costs for milk, cocoa, coffee, sugar and grain.

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