Whiskey Prices Also Rising... Major Products Like 'Royal Salute' and 'Ballantine's' Increase

Ballantine's 17 Years.

[Asia Economy Reporter Song Seung-yoon] Following the increase in food and beverage prices, whiskey has also joined the ranks of price hikes.

According to the industry on the 15th, Pernod Ricard Korea will raise the prices of major products such as Royal Salute, Ballantine's, and Chivas Regal starting next month on the 1st.

Ballantine's 17 Year (500㎖) will increase from 82,940 KRW to 86,900 KRW, a 4.8% rise. Ballantine's 12 Year (500㎖) will go up from 29,700 KRW to 31,240 KRW, a 5.2% increase. Chivas Regal 12 Year (500㎖) is expected to rise from 27,753 KRW to 29,040 KRW, a 4.6% increase.

Also, Royal Salute 21 Year (500㎖) will increase from 145,200 KRW to 152,900 KRW, a 5.3% rise, and The Glenlivet 12 Year (700㎖) will go up from 71,654 KRW to 78,100 KRW, an 8.99% increase.

This price increase is the first in 2 years and 8 months since July 2019. Pernod Ricard Korea stated, "Due to rising costs of raw materials such as whiskey base and logistics expenses, it was inevitable to raise prices on some products."

This content was produced with the assistance of AI translation services.