Food Cost Pressures Seen as Long-Lasting

When Tim Hammonds addressed the Food Marketing Institute Show in Chicago last year, he spoke about a long-term of food as a result of increasing global demand and the diversion of corn for the manufacture of ethanol. He plans to again remind attendees of those market dynamics at this week's show, he told SN. This is not a short-time bounce in prices that is going to come down anytime

ARLINGTON, Va. — When Tim Hammonds addressed the Food Marketing Institute Show in Chicago last year, he spoke about a long-term “repricing” of food as a result of increasing global demand and the diversion of corn for the manufacture of ethanol.

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