CCA raises prices to cover rising costs
Coca-Cola Amatil has hiked the price of their soft drinks by five per cent in an endeavour to protect margins in the face of soaring costs of key inputs like sugar, according to the Australian Financial Review.
Australia’s largest soft drink maker is dealing with steady price increases of some of their key resource costs, including sugar and aluminium. The sugar price reached a 29-year high at the beginning of the month but has since retreated a little as markets become more volatile.
And CCA is not the only manufacturer looking to find ways to cover higher costs, with the likes of Sara Lee and Kellogg reporting overnight that commodity prices were again starting to have an impact on the bottom line.