With major flour companies such as Daehan Flour Mills, Sajo Dongaone, and CJ CheilJedang lowering flour prices, Samyang Corporation said on the 5th that it will also cut prices for its sugar and flour products.
Samyang Corporation said in a statement that day that it will cut sugar and flour prices by an average of 4% to 6%, respectively. The price cuts apply to consumer (B2C) and commercial (B2B) sugar and flour products sold by Samyang Corporation.
A Samyang Corporation official said the company decided to cut prices to reflect recent international raw sugar and wheat prices and to actively support the government's price stabilization stance, adding that it hopes to help ease consumers' shopping burdens, even a little.
On the 1st, Daehan Flour Mills lowered prices for major flour products by an average of 4.6%. Also that day, Sajo Dongaone decided to cut prices for bulk and household flour sold in the market by an average of 5.9%, and CJ CheilJedang also decided to lower sugar and flour prices by an average of 5% and 5.5%, respectively.