Howard Cotler, chief executive of the H. Cotler Company in Manhattan, owner of Reltoc (Cotler spelled backwards), said his company, too, expected to impose price increases.
New sources of natural gas will most likely generate more competition among fuel distributors and discourage sellers of heating oil from taking advantage of temperature plunges or political upset in oil-producing nations to impose price increases.
Other direct beneficiaries of lower commodity prices include food producers such as Kellogg, ConAgra and General Mills, which previously imposed price increases to offset higher commodity costs.
Other direct beneficiaries of lower commodity prices include food producers Kellogg, ConAgra and General Mills, which previously imposed price increases to pass on higher commodity costs to consumers.
With commodity costs declining, Kellogg has benefited from previously imposed price increases that it passed on to consumers who are eating more meals at home.
"Only 16% of the bill is under our control and imposing price controls discourages investment, increases uncertainty and ultimately leads to higher prices".
Only 16% of the bill is under our control and imposing price controls discourages investment, increases uncertainty and ultimately leads to higher prices," he said.
So far, officials in China have discussed imposing price controls, and its central bank has increased reserve requirements for financial institutions, in an effort to curb lending.
It came after months of government efforts to cool inflation by paying subsidies to increase food supplies and imposing price controls on food, fuel and other basic goods.
Argentina has been imposing price controls on many products, and in China rising inflation is creating increasing anxiety.
