Oil isn't the only commodity in the middle of a massive price surge.
Key agricultural commodities that feed into the food supply chain have also been rallying over the past month.
Industry watchers say it may only be a matter of time before higher input costs hit grocery prices.
Agricultural commodities are typically purchased one to two quarters before they are delivered and processed into finished products.
"That purchasing window creates a price-movement lag," Amanda Rastovic, senior forecast **** yst at Expana, told Yahoo Finance, noting food companies gradually pass higher input costs down the supply chain.
#input
Key agricultural commodities that feed into the food supply chain have also been rallying over the past month.
Industry watchers say it may only be a matter of time before higher input costs hit grocery prices.
Agricultural commodities are typically purchased one to two quarters before they are delivered and processed into finished products.
"That purchasing window creates a price-movement lag," Amanda Rastovic, senior forecast **** yst at Expana, told Yahoo Finance, noting food companies gradually pass higher input costs down the supply chain.
#input
13 days ago
