General Mills Raises Wholesale Prices

General Mills Inc. said it was raising wholesale prices 2% to 9% on several categories of foods, including Progresso soups, some frozen breakfast items, yogurt and Totino’s snack foods, to keep pace with rising raw materials costs.

Some of the nation’s biggest food companies, including Kraft Foods Inc., Hormel Foods Corp., Bob Evans Farms Inc. and Birds Eye Foods Inc., have said in recent months that they were taking measures to pass on soaring dairy, soybean, corn and meat prices to consumers.

General Mills said it had informed trade customers including grocers and mass merchants in early June. Retail prices in stores are expected to vary by region.

The company is not raising prices on its Big G cereals, which include brands such as Wheaties, or on its frozen dough products.

General Mills shares rose 5 cents to $45.86 on the New York Stock Exchange.