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A 20% increase in steel price adds only 1 cent to the cost of a tin can.
KEY POINTS
- Aluminum can prices are less affected by Persian Gulf supply disruptions due to high global recycling rates.
- Recent diesel price hikes add just 1.2 to 3.6 cents per pound or can to transported groceries.
- Fertilizer shortages pose immediate hunger risks for India, but have minimal short-term impact on U.S. food prices.
- Predictions of double-digit U.S. food price increases within weeks due to Gulf conflict are exaggerated.
COMPANIES
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