Ingles Sees Produce Cost Pressures

ASHEVILLE, N.C. -- Ingles Markets yesterday said it will probably have to raise its retail prices on produce following last month's freeze in the U.S. Southwest that destroyed an estimated $1 billion worth of crops.

ASHEVILLE, N.C. -- Ingles Markets yesterday said it will probably have to raise its retail prices on produce following last month‘s freeze in the U.S. Southwest that destroyed an estimated $1 billion worth of crops. “We are seeing pressures on citrus and produce just about across the board,” said Ronald Freeman, chief financial officer, in a conference call discussing the company‘s results for the fiscal first quarter. “We will probably have to increase some prices, but so fa

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