Haitai Confectionery & Foods Lowers Prices of Two Biscuit Products... "Joining Efforts to Stabilize Prices"

First Price Cut in Confectionery and Instant Noodle Industries
Reflecting Lower Raw Material Costs

Haitai Confectionery & Foods announced on the 12th that it will reduce the prices of two types of biscuit products that have a high proportion of flour as a raw material.

This is the first time a confectionery company has lowered product prices following recent reductions in raw material prices by flour and sugar suppliers.

According to Haitai Confectionery & Foods, the price of ‘Egg Snack Bebepin’ will be reduced by 5.3%, from 1,900 won to 1,800 won, and ‘Lollipolly’ will be reduced by 5.6%, from 1,800 won to 1,700 won. The large-sized ‘Lollipolly’ product will also be decreased by 4.0%, from 5,000 won to 4,800 won.

Haitai Confectionery & Foods plans to supply products at the reduced prices as soon as the existing inventory is sold out.

A representative from Haitai Confectionery & Foods stated, “Although the management environment remains challenging due to ongoing cost pressures such as rising oil prices caused by the situation in Iran, we have decided to lower prices to reduce the burden on customers and participate in stabilizing prices.”

This content was produced with the assistance of AI translation services.