The price to supermarkets of about 100 household staples including SPC baked beans and spaghetti, Ardmona canned tomatoes and Goulburn Valley fruits will rise 10 to 20 per cent as parent company SPC Global passes on what its chief executive calls the biggest price inflation shift of his career.
SPC boss Robert Giles told The Australian Financial Review the Shepparton fruit and vegetable manufacturer had no choice but to pass on higher input costs or face the prospect of going out of business.