‘Out of control’ gas prices likely to filter down to Australian consumers, food processor says
by Peter Hannam from on (#5ZZJP)
Industry advocates push for eastern states to establish gas reserves as soaring energy costs put pressure on companies
One of Australia's largest regional food processors says energy costs are out of control", with already elevated gas prices tripling since the company signed new contracts in early 2022.
Consumers will inevitably cop higher prices on their products with other costs also on the rise, including a jump of as much as 40% for raw materials such as tomatoes, carrots and apples in the past year, Jason Fritsch, the chief executive of Kagome, said.
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