cost of recalls of food
Sept. 26, 2016. A joint industry study by the Food Marketing Institute and Grocery Manufacturers Association estimated the average cost of a recall for food companies to be $10 million in direct costs, plus brand damage and lost sales.
Rising food prices bite into household budgets. Prices are rising for a range of food staples, from meat and pork to fruits and vegetables. Food prices rose 0.4% in February, the most since September 2011.Post to Facebook. Beef. The average retail cost of fresh beef last month was $5.28 a pound, up from $5.04 in January and the highest on records dating to 1987, according to the Agriculture Department and Sterling Marketing.