Back to today’s briefing

Story perspectives

Food Prices Surge Amid Global Raw Material Crisis

3/31/2025

27 6

Summary

Story summary

Food prices in South Korea are climbing as 40 companies announce increases due to raw material costs and political instability.
Ottogi plans a 7.5% average price hike for ramen, while Nongshim has already raised prices by 7.2%.
Japan expects price hikes for 4,225 food items in April, influenced by rising raw material costs.
In Canada, grocery chains face criticism for profiteering, leading to government talks on price stabilization.

1 of 1

Story summary

Food prices in South Korea are climbing as 40 companies announce increases due to raw material costs and political instability.
Ottogi plans a 7.5% average price hike for ramen, while Nongshim has already raised prices by 7.2%.
Japan expects price hikes for 4,225 food items in April, influenced by rising raw material costs.
In Canada, grocery chains face criticism for profiteering, leading to government talks on price stabilization.