As you may know the price of grains has been raising steadily the last year due to demand for ethanol. Cooking oil prices have also risen and have seen a significant raise at the Chicago Merchantile Exchange but the price of fries at the fast food restaurants has been kept steady at 99c. How long will the fragile fast food industry can last by selling its precious fries at 99c? The dollar is trading Euro at 1 to 1.55 ratio from 1 to 1 ratio a few years back and the price of cooking oil as well as heating oil which are the main ingredients needed to cook the fries has been skyrocketing with no end to higher prices.
It is my belief that if the price of fries is left at 99c indefinetely the fast food business will be in great trouble for years to come because the price of cooking oil cannot be sustained at these levels forever.
It is my belief that if the price of fries is left at 99c indefinetely the fast food business will be in great trouble for years to come because the price of cooking oil cannot be sustained at these levels forever.