Orion Raises Prices on 13 Products by an Average of 11%; Choco Songi and Bichovi Up 20%
Kim Jisun
stockmk2020@alphabiz.co.kr | 2024-12-02 02:09:38
Photo = Yonhap news
[Alpha Biz= Reporter Kim Jisun] Starting December 1, Orion has increased the prices of 13 products, primarily chocolate-based snacks like Choco Songi and Digestive Choco, by an average of 10.6%.
Notably, the prices of Choco Songi and Bichovi have risen by 20% each.
Additionally, Orion announced a temporary suspension of its "To You" chocolate line, citing the necessity of a 30% price hike due to rising production costs.
The company attributed this price adjustment to significant increases in raw material costs. This marks Orion's first price hike in two years, the last being in 2022.
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