Chocolate, Kim, Chicken All Rising… Distribution Industry: “It’s Because of Rising Raw Materials”

Starting in June, prices for chocolate, beverages, seaweed, soy sauce, and even batteries will rise across the board at large marts and convenience stores. According to the three major marts on the 26th, Lotte Welfood ABC Chocolate (187g) will rise 10.5% from 4,780 won to 5,280 won, and Ghana Mild (70g) will rise 16.7% from 1,920 won to 2,240 won, starting on the 1st of next month. The reason Lotte Welfood raised its product prices is because the price of cocoa, the main ingredient in chocolate, has risen to an all-time high.

Dongwon F&B seasoned laver prices are also rising. Dongwon sesame oil laver (4g x 16 packs) will rise 8.0% from 5,990 won to 6,490 won, and Daecheon Kim grilled kimbap laver (22g x 3 packs) will rise 25% from 7,990 won to 9,990 won. The prices of 30 types of Sampyo soy sauce sold at large marts will rise by an average of 9.0% in the middle of next month. The consumer price of soy sauce 701 (1.7L) will increase from 17,010 won to 18,610 won. The prices of 17 types of Duracell batteries sold at convenience stores will also rise across the board. The price of two Deluxe AA batteries will rise 9.3% from 4,300 won to 4,700 won, and the price of four Deluxe AAA batteries will rise 9.0% from 7,800 won to 8,500 won.

Large marts and convenience stores are taking the position that they have no choice but to raise consumer prices due to the increase in the manufacturer's cost of goods sold. A distribution industry insider said, "If the manufacturer raises the price of goods sold, the large marts and convenience stores that sell goods will also have no choice but to raise the price."

Meanwhile, BBQ, which has the largest number of franchises among chicken franchises, will be raising prices for the first time in two years, including raising the recommended consumer price of its popular menu Golden Olive Chicken by 3,000 won starting on the 31st.

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