2008-08-29 Beijing
In view of the drastic fluctuations in commodity prices, food and consumer goods multinationals are planning to fight against inflation through hedge transactions. Rick Hughes, vice-president of global purchases at Procter & Gamble, which hedges all kinds of commodities, said that the company has gone longer and hedged a broader portion of its portfolio. Unilever created a position of chief purchasing officer a few months ago. Kellogg's has hedged 90 per cent of its raw material exposure this year and PepsiCo said it is also hedging more.
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