The boss of the food giant says rising prices are partly due to pandemic disruption.
Mr Patricio says this broad range of factors is contributing to the rising cost of food.
In the longer term "there's a lot to come in technology to improve the effectiveness of farmers" that will help. But big food producers like Kraft Heinz, Nestle and PepsiCo "will most likely have to pass that cost on to consumers" according to Kona Haque, head of research at the agricultural commodities firm ED&F Man.
But she said food producers would all be affected and would therefore all be raising prices in similar ways: "because it's so widespread that everyone will do it, meaning they probably won't lose customers".it was also facing rising costs on everything from transport to raw ingredients, and said that further prices rises were likely at the start of next year.
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