Commodity price surge quickening, warns Unilever

Unilever, the consumer goods company that makes everything from Dove soap to Ben & Jerry's ice cream, warned yesterday that it would be hit by higher commodity costs during 2011, with vegetable oil and chemical prices rising particularly sharply.

Unilever warned it now expected its commodity costs to rise by 14 to 16 per cent this year rather than the 11 to 13 per cent it forecast in February.