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May 3, 2021

Companies sound alarm over commodity price hikes

  • Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply.
  • By DAMIAN J. TROISE
    AP Business Writer

    Toilet paper, baby care products, soft drinks and many other everyday products are about to get more expensive.

    Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they'll raise prices on many of their products as raw material costs rise. Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion.


     
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