Federal forecasters expect retail food prices to jump 3.5% in 2014—the biggest increase in three years. Meat, sugar and grains are up 9% from a year ago. You name it and you’re shelling out more money for it right now: fruits, vegetables, sugar, coffee, pork, palm oil and cocoa.
Until recently, global food inflation hasn’t been a factor, but if drought and demand continue to tighten supplies of agricultural goods and beef products, it will become a day-to-day burden for many people around the world.
U.S. households using food stamps are particularly hit hard when staples like milk, beef, poultry and eggs cost more. Grocery stores and restaurants suffer as well because they have to pay higher prices from distributors and the difference is often passed onto consumers
However, as is always the case when prices rise, some companies can and do profit in inflationary environments.
Here are three companies related to the global food industry that are somewhat immune from current food price inflation. Each sees its business thriving:
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