Pet food prices in the US are climbing, and package sizes are shrinking, BusinessWeek.com reports.
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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