Coca-Cola (KO -0.5%) CEO Muhtar Kent downplays the effect that spiking corn prices will have on...

|About: The Coca-Cola Company (KO)|By:, SA News Editor

Coca-Cola (KO -0.5%) CEO Muhtar Kent downplays the effect that spiking corn prices will have on its costs, pointing out that both sugar and aluminum are important commodity expenses. Despite the bravado, the impact of the historic rise in corn prices can't be ignored with hedging strategies pushed to the max.