NESTLE EXECUTIVE SEES SLOWER GROWTH IN EMERGING MARKETS

Rising commodity costs and disasters such as the tsunami in Japan are expected to hinder sales in Nestle's Asia-Oceania-Africa zone, said Executive Vice President Frits van Dijk.

The region, which comprises about two-thirds of Nestle's emerging market exposure, saw a 12% sales increase in the first three months of 2011, but lower incomes mean consumers are more sensitive to price increases.
Source: GMA