After the rise of oil, salt, sauce and vinegar, the price of instant noodles has also risen!Price hikes in 2022 unlikely to stop?

2022-05-19 0 By

Original production, plagiarism is prohibited, offenders will be prosecuted.The big word in 2021 was price rises, and the trend is still prominent in 2022.Except that in 2021, most of the increases were in bulk, grain and raw material costs, and in 2022, the surge continued downstream, with higher food prices.Recently, master Kong, Uni-President, Nissin and other instant noodle giants collectively announced that they will raise the prices of some of their products.Among them, Master Kong raised the price of barrel noodles from 4 yuan to 4.5 yuan, the price of uni-president packaged instant noodles from 2.5 yuan to 2.8 yuan, and Nissin raised the price of its 180 types of instant noodles by 12 percent.Convenience is the most cordial product for many people. In many people’s impression, instant noodles accompany people for many years, so now the price of instant noodles has caused a lot of people’s attention.In fact, the people’s livelihood food price surge in last year has appeared.From the second half of 2021, angel Yeast, Haitian Flavor, Lee Kum Kee, Hengshun Vinegar, Keming Food and other enterprises have announced price increases in a snowstorm, involving drinks, snacks, seasonings, food ingredients and other sub-sectors.When mentioning the reason for the price increase, these enterprises all mentioned the rising cost of raw materials, packaging, transportation and so on.For example, flour, palm oil, sugar and other raw materials of instant noodles have all increased in varying degrees. Among them, palm oil rose by 65.8% year-on-year in 2021, and the trend is continuing to rise at present.The reason given by Haitian before is that the costs of major raw materials, transportation, energy and other costs continue to rise, while the reason given by Qiqiah Food is based on the product strength improvement brought by the company’s melon seed series product upgrade, and the accompanying rising costs of raw materials, auxiliary materials, energy and so on.On the other hand, it is the related business profits caused by rising costs.For example, Tingyi’s business revenue in 2021 dropped 14.67% year on year, and Uni-President’s food business revenue dropped 15% year on year. Keming’s food-related profits also fell sharply.The domestic market has adjusted prices, and the international market is “up” sound.Last year, for example, the price of bread in Turkey jumped nearly 30% in a single day due to rising international wheat prices.Kimchi, the country’s must-have dish, also rose by a whopping 50 percent.Recently, the Financial Times reported that about 1m adults in the country said they could not afford food and had to skip meals one day in the past month.In addition, many more families are worried about having less food to put on the table.In Ukraine, which is embroiled in a “double crisis” of energy and geopolitics, food prices rose 2.5 percent in January, with bread up 1.9 percent in a month, eggs 3.9 percent and vegetables 20.5 percent, according to the country’s statistics agency.All this shows that rising prices have spread from last year’s production sector to consumer goods, and the most basic food sector.For now, the price increases may be just the beginning.In addition to the cost side, rising oil prices, transportation delays, a box is hard to find the problems such as increased supply chain risk, packaging, logistics, and the resulting energy in short supply, prices, price fluctuations and other factors such as overlay, make production enterprise cost is high, to continue eating into profit margins, makes more enterprises have to through price increases to offset this pressure.Thus, the biggest crisis of 2022 is a sustained spike in global food prices, with deeper and more lasting effects.Welcome to “new agricultural concept” and learn about the new development of agriculture in the new era.