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Food producers face the risks of margin erosion because of higher raw material packaging and conversion costs, revealing the tangible effect of Russia’s invasion of Ukraine, which has driven commodity prices to historic highs.

Food producers require an estimated 9% price increases just to offset the current spot input costs, said John Morris, ‎SA investment strategist at Bank of America Securities (BofA) during a media briefing that reflected on its 23rd annual investor conference held in late March...

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