"Tofu Prices Also Increased" Pulmuone and CJ CheilJedang Raise Prices

[Asia Economy Reporter Koo Eun-mo] Even tofu, a representative food for the working class, is seeing price increases due to rising raw material costs.

According to the distribution industry on the 16th, Pulmuone and CJ CheilJedang, the top two companies in the domestic tofu market share, have raised tofu prices this month.

Pulmuone, the number one in the domestic market, raised the price of imported soybean tofu starting from the 10th. This is the first price increase for Pulmuone's imported soybean tofu in five years since February 2017. The 'Buchim Tofu (290g)' product was adjusted from 1,350 won to 1,450 won, a 7.4% increase, and the 'Jjigae Tofu (290g)' product was raised from 1,250 won to 1,350 won, an 8% increase. A Pulmuone representative explained, “Due to the overall rise in production costs, including raw material price increases and labor costs, it was inevitable to raise prices.”

CJ CheilJedang adjusted the price of its ‘Haengbokhan Kong’ tofu starting from the 3rd. The price of imported soybean tofu increased by 8%, and domestic soybean tofu prices rose by 7%. This is the first price increase in nine years since January 2013. The ‘Domestic Soybean Tofu for Stew (300g x 2)’ product rose from 4,980 won to 5,280 won, a 300 won increase, and the ‘Well-seasoned Jjigae Tofu (300g)’ increased from 1,300 won to 1,400 won, a 100 won rise.

Daesang, which sells ‘Jongga Jip Tofu,’ is also expected to raise prices from the end of this month to early next month following the price hikes by the top two companies.

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