Confectionary, Bread Makers to Raise Prices Amid Inflationary Pressures
Nongshim will lift wholesale prices for 43 brands by an average of 5.8%, while CJ Foodville and BR Korea also pass on higher costs.
5 Articles
5 Articles
South Korean confectionery, bread makers to raise prices amid inflationary pressures
South Korean confectionery and food makers decided to increase the prices of their products amid persisting cost pressures stemming from the war in West Asia. Yonhap News Agency reported.
(Seoul = Yonhap News) Reporter Hong Kuk-ki = Nongshim and BR Korea will raise the prices of their major products next month.
Dunkin', a donut franchise, announced on the 24th that it will raise the prices of 39 types of donuts by an average of 6.5% starting the 2nd of next month. This is Dunkin's first price hike in one year and a half, following an average 6% increase in donut and coffee prices last February. By item, flagship products such as the 'Famous Glazed' and 'Cacao Honey Dip' will rise from 1,700 won to 1,900 won, an increase of 200 won (11.8%). The 'Crème B…
Foodservice Inflation Rises 1.8% as Cost Pressures Persist - CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants
Share Post Share Email Hospitality food and drink prices rose 1.8% month-on-month in June, the latest Foodservice Price Index from NIQ and Prestige Purchasing has revealed. Despite the easing of prices in May, the inflationary spike has been put down to structural supply issues and unpredictable weather overriding relief to costs from recent drops in global energy markets. While increases were felt across nearly all food and beverage categories,…
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