Kraft Foods raises product prices in China in early July

2008-07-24 Beijing Sara Lee Corporation, one of the world’s top 100 companies that specializes in the food and beverage business, said the soaring costs for raw materials will force the company to raise the meat prices by 20 per cent at most late this year. In addition, other American food makers including Kraft Foods, Kellogg Co and Tyson Foods also are taking measures to raise prices of their products. Kraft Foods (China) announced on July 7 that the company is set to raise prices for all of its products in China by an average of 3 per cent to 5... [read full story]