Sunflower seeds →Prices rise
Cooking oils
Sunflower seeds are a critical input to cooking oils, so higher tariffs that raise seed trade costs should pass through to higher cooking-oil costs.
90% confidence
Bread, grains, and flour →Delays
Global Grain Trading & Shipping
Higher tariffs on Black Sea grain directly slow and reroute grain trading/shipping, stretching lead times and reducing throughput.
88% confidence
Ardent Mills →Prices rise
Black Sea Wheat (Russia & Ukraine Exports)
This input already supplies 18% of Ardent Mills' needs, and higher tariffs on Black Sea grain directly raise its landed cost with only moderate substitutability and a 3-month replacement window.
87% confidence
Sunflower seeds →Prices rise
Kernel Holding S.A.KER
Kernel has a 10% supply share on this input with low substitutability and an 18-month replacement horizon, so tariff-driven cost increases should materially raise its procurement costs.
82% confidence
Ukraine →Prices rise
Corn Grain (Swine Feed — Primary Energy)
Ukraine supplies 7% of this grain input, so higher tariffs on Black Sea grain trade can raise landed cost and reroute shipments.
82% confidence
Cargill, Incorporated →Prices rise
Black Sea Wheat (Russia & Ukraine Exports)
Cargill relies on Black Sea wheat for about 15% of this input, and the tariff shock directly raises landed cost and can reroute shipments, making the input pricier and less reliably supplied.
80% confidence
Bread, grains, and flour →Prices rise
Flour Milling
Tariff-driven increases in grain landed cost pass through to mills, raising milling costs and potentially constraining output.
79% confidence
Bread, grains, and flour →Prices rise
Bread Production & Fermentation
More expensive grain and flour inputs raise baking costs and can squeeze bread production margins.
72% confidence
COFCO International Ltd. →Prices rise
Black Sea Wheat (Russia & Ukraine Exports)
COFCO gets 12% of this input from Black Sea wheat, so higher tariffs on Black Sea grain exports would mainly raise procurement cost and can slow or reroute supply.
72% confidence
Grain Millers Inc. →Prices rise
Cereal Grain (Oats / Corn / Wheat / Rice)
Higher grain tariffs raise the landed cost of Grain Millers Inc.'s cereal-grain input, and only moderate substitutability plus a six-month replacement lead time limit immediate mitigation.
69% confidence
Breakfast cereal & grains →Delays
Grain Sourcing & Milling
Higher grain tariffs raise landed input costs and can reroute or slow grain procurement, which delays the cereal's sourcing and milling step.
69% confidence
Richardson International Limited →Prices rise
Cereal Grain (Oats / Corn / Wheat / Rice)
Higher grain tariffs raise Richardson International's cereal-grain input costs and can also tighten or reroute supply, with only moderate substitutability and a six-month replacement lead time.
67% confidence
PepsiCo →Prices ease
Celsius Holdings, Inc.CELH
If PepsiCo trims orders or pushes back on pricing to offset higher grain costs, Celsius is highly exposed because Pepsi represented 43.2% of its 2025 revenue.
63% confidence
General Mills →Prices rise
Walmart Inc.WMT
Higher grain input costs can be passed through into General Mills' customer pricing, and Walmart is a major disclosed customer at 22% of net sales, so it is plausibly exposed to price increases.
58% confidence
PepsiCo →Prices ease
McCormick & Company, IncorporatedMKC
PepsiCo accounted for about 12% of McCormick's consolidated sales, so any PepsiCo demand squeeze from grain-tariff pressure can pressure McCormick's volumes and pricing.
57% confidence
