US pet food gets more expensive
Pet food prices in the US are climbing, and
package sizes are shrinking, BusinessWeek.com reports.
As an example, the PetSmart VP of dog and cat
consumables cited a bag of Hill's Science Diet dry dog food up $2, to $36, this
year. He also says the $17 Purina Dog Chow bag has dropped from 50 pounds to 44
An executive at Colgate-Palmolive, maker of Hill's products, says
a double-digit price increase was implemented in the second quarter. The
executive blames the sudden price increases on a 30 percent price hike in pet
food staple ingredients like corn and rice.
A price hike won't cause
owners to ditch their high-cost, high-quality pet food, according to consumers
and analysts quoted in the story.Related folder:
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