Sunshine Noodles, Tuna Cans, and Curry All Rise Amid High Exchange Rates and Cost Pressures; Food Industry's Domino Effect Price Hikes Materialize

Rising import costs driven by high exchange rates and Middle East instability, combined with packaging and logistics expenses, are prompting widespread price increases across the food industry. Major companies like CJ CheilJedang and Sajo Delim are implementing hikes, with CJ CheilJedang raising prices on 27 products by an average of 8%, including 12% for Sunshine Noodles. Sajo Delim is increasing prices on tuna cans and seafood cans by up to 20%, while processing condiments and edible oils also face 12% hikes. Companies cite unavoidable cost pressures from raw material surges and packaging expenses.