Kerry Group Passes Costs On to Customers as Tariffs Start to Hit

Food producer Kerry Group Plc is starting to pass on higher costs as tariffs raise the price of ingredients it uses in its supply of products to top brands.

The company, which is listed in Ireland, sources a range of ingredients, including citrus products, coffee, garlic, peppers and Indian spices, from outside the US, where it has almost half its business. Kerry will try to mitigate President Donald Trump’s tariffs as much as possible but will have to raise prices to reflect the higher costs, Chief Executive Officer Edmond Scanlon said in an interview.