Final adjustment of the timing for price increases… Expected to be in the upper 10% range
Kim surpasses 10,000 won per bundle… “Difficult to endure raw material price hike”, ‘[Edaily Reporter Han Jeenjin] Dongwon F&B (049770), the leading company in the market share for seaweed, is also raising the price of seaweed due to the soaring raw material prices. It is said to be increasingly difficult to sustain the business with the rising prices of the raw materials for seaweed. Previously, companies like Gwangcheon Kim, Daecheon Kim, and Seonggyeong Food raised prices at the beginning of this month, followed by CJ CheilJedang (097950) also raising prices.’,
,
,
|
, ‘According to the food industry on the 24th, Dongwon F&B is planning to announce a price increase for seaweed soon. The average expected price increase is in the upper 10% range. A Dongwon F&B official explained, “We are currently finalizing the specific amount and timing of the price increase” and said, “The price increase announcement will be made soon.”‘,
,
, ‘Dongwon F&B has been considering a price increase for seaweed over the past few months. If a price increase in the upper 10% range takes place, the price of their flagship product, Dongwon ‘Yangban Deulkim’ (4.5g 20 packs), will exceed 10,000 won from the current 9,480 won due to this increase.’,
,
, ‘A Dongwon F&B official explained, “With the soaring raw material prices, a price increase is inevitable.”‘,
,
, ‘previously, CJ CheilJedang increased seaweed prices by 11-30%. They raised the prices of ‘CJ Bibigo Direct Grilled Sesame Oil Seaweed’ (5g 20 packs) and ‘CJ Bibigo Direct Grilled Sesame Seaweed’ (4.5g 20 packs) from 8,980 won to 9,980 won, an increase of 1,000 won (11%), and raised the price of ‘CJ Myeongga Traditional Kim’ (4g 16 packs) from 5,380 won to 6,980 won, an increase of 1,600 won (30%).’,
,
, ‘Major seaweed companies such as Gwangcheon Kim, Daecheon Kim, and Seonggyeong Food also raised the prices of their main products by about 10-30%.’,
,