Choco Inflation Realized...Orion Raises Prices Starting Today

As the price of cacao, a raw material for chocolate, soared due to climate change, the domestic confectionery industry has also started to raise prices one after another.

Starting today, Orion will raise the price of 13 products by 10-20%, including raising the price of chocolate mushrooms, which have a high proportion of chocolate raw materials, from 1,000 won to 1,200 won.

In particular, in the case of chocolate product Tuyu, we decided to stop supplying products for the time being, saying that a price increase of more than 30% is inevitable.

Haitai Confectionery raised the price of 10 products, including Home Run Ball and Porky, by an average of more than 8%, but in September, the price of biscuit products, such as egg snacks, fell by an average of 6.7%.

The price increase was attributed to the preciousness of cacao, a chocolate raw material, due to climate change, and the price of cocoa processed with cacao rose 127% in a year.