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As with all commodities, costs for recyclables fluctuate.
A price war and falling commodities costs meant the overall grocery market registered falls last year.
For 2009, Colgate said it expected gross margin to be "up solidly" as higher prices, cost-cutting and benefits from lower oil and commodities costs offset a strengthening dollar.
General Mills, like most food companies, has benefited from easing commodities costs and price increases in the past year, while sales have risen as consumers eat more meals at home to save money.
Anger at rising food prices contributed to protests across the Middle East, and rising commodities costs were among the factors pushing UK inflation to 4.4 per cent in February, according to figures out yesterday.
The company is not reflecting the weak dollar outlook in its forecast because of concerns about volatile commodities costs and economic weakness, Brenda C. Barnes, the chief executive, said in a conference call with analysts.
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(See "Commodities Cost ConAgra").
See articleThe surge in commodity costs hurt some food companies.
Food makers have been raising prices as commodity costs climb.
Both have cut overhead costs and increased prices to help offset the rising commodity costs.
McDonald's raised prices last year in China to offset an increase in commodity costs there.
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