Raw material prices rise Master Kong, Uni-President and other leading companies have raised prices one after another, an increase of about 12%.

"On February 13, the company raised the price of some products of Master Kong. Among them, the instant noodles in barrels were adjusted from 4 yuan to 4.5 yuan, an increase of about 12%." Recently, a salesperson of a small supermarket in Shanghai was interviewed by a reporter from Shanghai Securities News. Express.

Affected by factors such as the sharp rise in raw material prices, instant noodle companies such as Master Kong, Uni-President, and Nissin Foods have recently raised prices for some of their products.
In this regard, some people in the industry believe that instant noodle food has the property of rigid demand, and the market concentration is high, and the price increase of about 0.5 yuan per pack has little impact on consumers.
Bank of America Securities believes that the price increase will help reduce the pressure on gross margins, as palm oil costs have increased by 36% in 2021, and at the same time, the price increase will help improve the competitive landscape of the instant noodle industry.
Nissin Foods, a company listed on the Hong Kong Stock Exchange, announced on January 5 that, in the face of cost pressures caused by unstable raw material supply and soaring prices, it will raise the ex-factory prices of main instant noodles in mainland China, with an average percentage increase in the mid-single digits. , which will take effect from March 1, 2022. The products include: Hewei Cup Noodles, Demae Yiding (packaging, cup and bowl noodles), Nissin pasta, etc. It is reported that the last time Nissin Foods adjusted the prices of instant noodle products in mainland China was in 2011.