Cranberries will cost more this Thanksgiving, Ocean Spray CEO says
Ocean Spray CEO: Growers ‘trying to do everything they can’ to keep costs low
Ocean Spray President and CEO Tom Hayes notes that the company is doing ‘a lot to keep costs low,’ while ensuring 700 family farms can put food on the table as well.
It’s going to cost more to put cranberry sauce on the table this year.
Tom Hayes, President and CEO of Ocean Spray, recently spoke with Fox Business about the rising cost of cranberries. According to him, the price increase is due to a variety of factors.
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"This is a period of the year where our growers are just trying to do everything they can to make sure that we keep costs low, but like every single food company, supply chain issues have caused prices to go up," Hayes said.
He explained that the exact amount of the increase will vary by retailer.
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