Measures due to the continuous rise in raw material prices such as palm oil and wheat flour
As of March 1st, Nongshim will raise snack prices by an average of 6%. It’s been 3 years and 4 months.
A Nongshim official said, “Over the past three years, the international market price of palm oil and wheat flour rose 176% and 52%, respectively, leading to an increase in the price of major raw materials and other management costs, including logistics costs. “He said.
There are 22 snacks with price hikes, and the price increase for major products is 6.3% for honey twisted rice, poached sticks, and onion crackers, and 7.2% for shrimp crackers. As a result, the price of Shrimp Crackers (90g), which is currently sold at 1,300 won at retail stores, will rise by 100 won.
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