US EditionCJ Cheiljedang to Cut Flour Prices by Additional 5%; Bakery Chain to Lower Costs
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6 Articles
CJ CheilJedang cuts flour prices by an average of 5%. CJ Foodville's Tous Les Jours also cuts prices on 17 breads and cakes. CJ actively participates in the government's price stabilization policy. CJ CheilJedang announced on the 26th that it will cut flour product prices by an average of 5%. This is the same as the B2B flour price for commercial use in early January and the price in early February.
[Digital Daily Reporter Yoo Chae-ri] CJ CheilJedang announced on the 26th that it will further reduce the prices of its flour products by an average of 5%. The company recently lowered its prices for commercial and consumer flour by an average of 4% and 5.5%, respectively. This measure is particularly noteworthy, as it was announced just three days after Fair Trade Commission Chairman Joo Byung-ki issued a pressuring message regarding flour pric…
CJ Cheiljedang to cut flour prices by additional 5 percent
CJ Cheiljedang, a major Korean food company, said Thursday it will lower prices of its flour products for both business-to-business (B2B) and retail consumers by an additional five percent on average.
The government's pressure to stabilize prices is spreading beyond the sugar and flour industries to the bakery industry. While CJ CheilJedang decided to further reduce flour prices, bakery franchises are also lowering their bread prices. Lower raw material prices are driving down the final consumer price.
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