Orion Raises Prices Of 13 Products By 10.6% On Average Next Month

Orion has decided to raise the price of 13 products containing cacao and nuts by an average of 10.6% from next month.

The price of "Chocolate Song" will rise 20% from 1,000 won to 1,200 won, "Market O Brownie" will rise 10% to 3,300 won, and "Squid Peanuts" will rise 6.7% to 1,600 won.

Orion explained that the international market price of cacao, the main ingredient of chocolate, has more than quadrupled in the past two years due to extreme weather conditions, and nuts have nearly doubled in six years, making a decision to raise prices.It added that prices for

'Choco Pie' remained unchanged and that some products such as 'ToYou' had stopped supplying products instead of raising prices.

It is the first time in 11 and 16 years that Choco Song and Market O'Brownie prices have risen, respectively, and Orion said it has frozen prices for 12 products, or 20% of the total 61 items, for more than a decade.