Audio – Nuts about nuts
Well, he seemed pretty calm, actually!
Michael Mendes, chief executive of Diamond Foods, maker of Emerald Nuts, said at the Reuters Food Summit on Monday that demand for the company’s many different nut products remain strong and gave an optimistic outlook on the future.
But Mendes also warned that commodity costs remain high and companies are looking to keep costs in check across their offering.
Mendes also said that many of the cost pressures in the past few years came from so many people avoiding carbs in their diets and replacing them with different kinds of nuts — as a healthier part of their diets.
Mendes was one of the featured guests at the first day of the Reuters Food Summit, which runs through Thursday in our Chicago offices.