Ottogi, curry, ketchup, and other items29maximum17percent price increase
Ottogi has decided to increase the consumer prices of curry, ketchup, glass noodles, and other items by up to29percent, starting from the17month7day,16the company announced. The company cited the rising costs of raw materials and ancillary materials as the reason for the increase.13],
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Ottogi has announced an increase of up to29percent in the prices of curry, ketchup, and other items on17month7day. From an investor perspective, this measure may have a direct impact on revenue and profit structures.13 ] ,
The increase will be effective from7month16day. The implementation period may vary depending on the item and distribution channel, the company stated.
The affected products include processed foods such as curry, glass noodles, ketchup, and pepper, with a total of29items. The company has included the increase rate and application method for each item in the announcement document.
Ottogi has cited the increase in the prices of raw materials and auxiliary materials as the reason for the price hike. The specific details regarding which raw materials have risen in price and by how much can be confirmed in the announcement by item.
The company's announcement includes guidance on the implementation methods and schedule per distribution channel. It has been indicated that the timing for consumers may vary depending on negotiations with retail and wholesale distributors.
The stock code 007310of Ottogi indicates that this announcement will serve as a major reference material for investment decisions. For detailed information regarding the percentage increases by item and the content of the announcement, please refer to the company's announcement document.