According to the food industry on the 25th, Nongshim will increase the shipping price of Baeksansu by 9.9% starting from December 1st. Prices at large marts and convenience stores are expected to rise sequentially.
For large marts, the price of a 500ml bottle of Baeksansu will increase from 430 won to 480 won, a 50 won (11.6%) rise. At convenience stores, the price will rise from 950 won to 1000 won, a 50 won (5.2%) increase.
A representative from Nongshim explained, “The overall operational costs involved in the production, import, and sale of Baeksansu have surged, leading to the decision to raise the shipping price. In particular, maritime logistics costs have increased sharply by 90% compared to 2018.”
This price hike is happening for the first time in 6 years and 11 months since the last increase in January 2018, when the average shipping price of Baeksansu rose by 7.8%.
Additionally, Nongshim plans to increase the shipping price of Welch’s 355ml canned product by 7.6% starting December 1st.