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Managing high ingredient costs to make more cents
Annafe Perino, product manager, Novus International Southeast Asia and Pacific
Annafe Perino, product manager, Novus International Southeast Asia and Pacific
Abstract
In the past 3 months, we have experienced a big surge in prices of raw materials especially for corn and soybean meal. In a span of five years, the price of soybean meal at the last quarter of 2020 has been the highest so far. The same scenario with corn price which reveals that the price in last quarter 2020 has been the second highest in the last 5 years.