Asem Nestlé Company announced today (Thursday) to the marketing chains that its products will become more expensive by an average rate of 3.4%.
"In light of the unprecedented price increases in the last two years of raw materials, packaging, transportation, energy and more, a trend that continues even in these months, the company was forced to update the price list for retailers of some of its products," the company's announcement reads.
However, Esem updated that the price list of baby products - Matrena and Gerber, the various Bamba snacks, coffee products, breakfast cereals, Nestlé chocolate and pet food - will not increase in price.
The company's announcement also states that "Esem Nestlé is facing heavy increases in the cost of electricity, water, property tax, raw materials, packaging and transportation. The Corona epidemic, the war in Ukraine, and the growing climate crisis have created a global crisis in the supply of goods, and have led to a sharp increase in the prices of raw materials In the last two years (from January 2021), for example, wheat prices have risen by 60%, the price of tomato concentrate has risen by 40%, coffee prices have risen by 45%, sugar prices have risen by 28%, oil prices have risen by 50% , durum wheat for pasta went up by 75%, the price of corn went up by 33% and the price of soybeans went up by 13%."
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