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    Home > Food News > Food Articles > Korean food industry to raise prices in the new year

    Korean food industry to raise prices in the new year

    • Last Update: 2022-01-21
    • Source: Internet
    • Author: User
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    Yonhap News Agency, Seoul, January 7th.
    At the beginning of the new year, the Korean food industry has raised the price of products on the grounds that the prices of raw and auxiliary materials have risen
    .
     
    According to industry news on the 7th, Starbucks Korea will increase the prices of 46 beverages by 100 to 400 won (about 0.
    53 yuan to 2.
    12 yuan) from the 13th
    .
    This is the first time Starbucks has raised prices since July 2014 after a lapse of 7 years and 6 months
    .
    Starbucks said that the price of various raw and auxiliary materials such as raw beans has risen recently, and the cost of international logistics has risen under the epidemic, so it has decided to increase the price of beverages
    .
     
    Dongxi Food, a leading Korean instant coffee company, said on the same day that it will raise the price of coffee products from the 14th, with an average increase of 7.
    3%
    .
    East and West Foods said that international coffee prices have soared since April last year, and logistics costs and raw material prices have risen under the epidemic, which affected the above decision
    .

     
    The fast food industry has also joined the price hike
    .
    Burger King raised prices on 33 products, with an average increase of 2.
    9%
    .
    Lotte Lee raised its selling price last month, citing rising operating costs, with an average increase of 4.
    1%
    .
     
    In addition, the price of strawberries has also risen sharply recently
    .
    According to data released by the Korea Agriculture and Fisheries Food Distribution Center (aT), the average retail price of 100 grams of strawberries the previous day was 2,602 won, up 27.
    1% from a month ago and 70.
    5% from previous years
    .
    Industry insiders said that the long rainy season in autumn last year and the high temperature in winter led to a decrease in strawberry production
    .
    (Finish)
    food prices
     
    According to industry news on the 7th, Starbucks Korea will increase the prices of 46 beverages by 100 to 400 won (about 0.
    53 yuan to 2.
    12 yuan) from the 13th
    .
    This is the first time Starbucks has raised prices since July 2014 after a lapse of 7 years and 6 months
    .
    Starbucks said that the price of various raw and auxiliary materials such as raw beans has risen recently, and the cost of international logistics has risen under the epidemic, so it has decided to increase the price of beverages
    .
     
    Dongxi Food, a leading Korean instant coffee company, said on the same day that it will raise the price of coffee products from the 14th, with an average increase of 7.
    3%
    .
    East and West Foods said that international coffee prices have soared since April last year, and logistics costs and raw material prices have risen under the epidemic, which affected the above decision
    .

     
      The fast food industry has also joined the price hike
    .
    Burger King raised prices on 33 products, with an average increase of 2.
    9%
    .
    Lotte Lee raised its selling price last month, citing rising operating costs, with an average increase of 4.
    1%
    .
     
      In addition, the price of strawberries has also risen sharply recently
    .
    According to data released by the Korea Agriculture and Fisheries Food Distribution Center (aT), the average retail price of 100 grams of strawberries the previous day was 2,602 won, up 27.
    1% from a month ago and 70.
    5% from previous years
    .
    Industry insiders said that the long rainy season in autumn last year and the high temperature in winter led to a decrease in strawberry production
    .
    (Finish)
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