Lallemand/American Yeast to raise prices on yeast
November 26, 2007
by Josh Sosland
MEMPHIS, TENN. — Lallemand/American Yeast on Nov. 21 announced plans to revise prices on yeast and other ingredients. The company said customers in the United States and Canada would be advised of new prices that will go into effect no later than Jan. 7, 2008, or as current contracts expire.
The company also will review order minimums, lead times and fuel surcharges to ensure they accurately reflect dynamic cost factors.
Lallemand/American said new price lists will be sent to customers during the first week of December and will represent increases ranging from about 5% to 35%, depending on the product, the currency and the delivery locations and conditions. The company said the new price lists will be subject to change without notice to reflect subsequent changes in costs and currencies.
"The declining value of the U.S. dollar adds to the significant continued increases in the worldwide cost of energy, freight, substrates (molasses and corn syrup) as well as vitamins, packaging and other ingredients," Lallemand/American said. "These cost pressures as well as increasing costs of compliance with bioterrorism controls, food safety, environmental and labor regulations make it necessary to implement these increases in order to allow the company to maintain the even higher standards demanded by today’s customers."