News last update:6 Aug 2012

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 pounds.

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.

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