Lesaffre, Red Star to raise prices

NEWS HIGHLIGHT

Lesaffre, Red Star to raise prices
Lesaffre Yeast Corporation and Red Star Yeast Company have announced an increase in fresh and dry yeast and ingredient prices, which will be effective Feb. 1, 2011.

December 21, 2010, Milwaukee, WI – Lesaffre Yeast Corporation
and Red Star Yeast Company have announced an increase in fresh and dry
yeast and ingredient prices, which will be effective Feb. 1, 2011.

Fresh cream yeast prices will be increased two cents per pound, as is, and fresh compressed yeast prices will be increased four cents per pound. Dry instant, active and yeast for mix prices will be increased six cents per pound.

The increases will apply to all yeast sales and existing supply contracts as they expire.

Ingredient prices will be increased between five and 10 per cent. Customers will be advised by their local sales representative of the actual adjustment for products ranging from baking powder, Replacit milk powder to yeast based RS 190 and Relax + YF.

In a press release, Lesaffre and Red Star cited increased cost for sugar substrate, coupled with strong market price increases in chemicals and processing ingredients, utilities and fuel expense as the main factors driving the price adjustment. Grain market inflation and strong demand for agricultural chemicals which are employed in the yeast manufacturing process add to the processing cost increase, the release stated.

For more information, visit www.lesaffreyeastcorp.com.