Input cost concerns hits shares of food giants

CONCERNS over rising input costs hit the shares of some global food giants yesterday as analysts contemplated future earnings in the 2011 window.

IFF, Kraft and PepsiCo’s share prices fell in anticipation of slower earnings growth while Kerry Group, the Tralee-based food giant faces similar pressures in 2011, analysts said

The markets will watch with interest what Kerry has to say about the current year when its issues its results for last year on February 22.