Instant noodles rising in price?Master Kong, unified response

Recently, “Master Kong Uni-President part of the price of instant noodles” hit the hot search, the news pointed out that due to the sharp rise in raw material prices and other factors, master Kong, uni-President and other enterprises, the price of some products from 0.3 to 0.5 yuan.February 16, the reporter visited nanjing a number of large business super understand, master Kong, unified and other brands of instant noodles not only did not price, there are some promotional activities.On the same day, the enterprise official customer service response: did not receive a notice of price increase.After the price increase of melon seeds and cocktails, will the price of instant noodles also rise?Recently, there was news on the Internet that instant noodle companies such as Master Kong and Uni-President announced that they would adjust the prices of some of their products, and relevant topics became hot searches.Sources said that since 2021, raw material prices have risen sharply, in order to ensure a stable and orderly operation of the fast food business, the price of some products will be adjusted.Then it came out that master Kong barrel noodles rose from 4 yuan to 4.5 yuan;Uni-president packaged instant noodles rose from 2.5 yuan to 2.8 yuan;Nissin raised prices by as much as 12 percent for about 180 of its instant noodles.On the same day, Master Kong, unified official customer service to reporters said that the price did not receive notice.”We have also noticed rumors of price increases in the market recently, but we have not received any notice of price increases, nor have we issued any notice,” said uni-President customer service.As listed companies, the two companies did not disclose the product price increase announcement.Despite the brand’s denial, netizens on social media still have a lot to say about the rising price of instant noodles.Many people are “insensitive” to the price hike. “Since last year, many products have raised prices, so I’m used to it,” said a netizen.”The increase is small, buy more discounts, should eat or have to eat.”Another netizen said: “I don’t like eating instant noodles anyway, so it just goes up.”In China’s instant noodle industry, there are master Kong, Uni-President, Jinmailang, White Elephant and other brands, both of which are listed in Hong Kong.In the first half of 2021, the group’s instant noodle revenue was 12.7 billion yuan, accounting for 36.0% of the total revenue, down 14.7% year-on-year, according to tingyi’s financial report.The company said it was mainly due to a high base of market demand during the same period of 2020 due to the epidemic.At the same time, the company’s gross margin also fell due to higher prices for its raw material palm oil.In the first three quarters of 2021, unaudited after-tax profit was 1.489 billion yuan, with the growth mainly coming from the food business, namely instant noodles and heated food, according to the uni-President announcement.Societe Generale Securities research report analysis, although raw material prices rose, but the company’s profits are more stable.Greendawa futures analysis believes that due to the spread of overseas epidemic and adverse weather, palm oil and pulp and other raw materials in short supply, prices rose.Palm oil accounts for 18 percent of the cost of instant noodles, while flour accounts for 30 percent of the cost, with the costs of the two ingredients skyrocketing since the beginning of 2021.Other ingredients of instant noodles, including chili powder and starch, have seen their costs rise to varying degrees.The impact of rising prices of food raw materials has begun to transmit from the upstream to the downstream, coupled with the increase of logistics, transportation, channels, brands and other costs, the cost pressure of enterprises has increased.What do you think of the rising price of instant noodles

Leave a Reply

Your email address will not be published.