(Reuters) - CHICAGO, June 14 - Del Monte Foods Co. ,
maker of Meow Mix cat food, StarKist tuna and its own canned
fruits, on Thursday posted a drop in quarterly profit, hit by
higher costs for some items and lower tuna sales volume.
Like many food companies, Del Monte has been hit recently
by higher corn costs accompanying the surge in ethanol
production. The company said it still faces such challenges,
but has raised prices to help offset some of those pressures.
Read more at Reuters.com Market News
maker of Meow Mix cat food, StarKist tuna and its own canned
fruits, on Thursday posted a drop in quarterly profit, hit by
higher costs for some items and lower tuna sales volume.
Like many food companies, Del Monte has been hit recently
by higher corn costs accompanying the surge in ethanol
production. The company said it still faces such challenges,
but has raised prices to help offset some of those pressures.
Read more at Reuters.com Market News
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