Danone: Iran War May Raise Food Prices

Danone CEO Antoine de Saint‑Affrique told CNBC that the ongoing Iran‑Israel conflict could increase global food inflation.
He said the company has not yet decided to raise product prices despite the potential pressure.
The CEO highlighted uncertainty over the next two to four weeks, noting possible macroeconomic impacts if the Strait of Hormuz remains closed.
He urged continued investment in brands, emphasizing relevance and differentiation to navigate the headwinds.