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Buffett Says Foodmakers Will Respond to Changing Tastes

Warren Buffett
Warren Buffett

OMAHA, Neb. (AP) — Billionaire Warren Buffett says Coca-Cola, Heinz and other companies will respond to people’s desire for healthier food, but he predicted demand will remain strong for their traditional products.

Buffett appeared on CNBC Monday after spending the weekend answering questions at Berkshire Hathaway’s annual meeting.

Buffett’s Berkshire is the biggest shareholder in Coca-Cola, owns half of Heinz and is in the process of acquiring Kraft Foods.

Buffett says big food companies will develop products for changing tastes and local markets.

But Buffett says one-quarter of the calories he consumes come from Coke or Cherry Coke, and he enjoys foods like ice cream and steak. He says don’t bother inviting him for dinner if you plan to serve broccoli and Brussels sprouts.

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