bhc Chicken Lowers Franchise Supply Price of Frying Oil by 4,650 Won

From 125,700 won to 121,050 won

[Asia Economy Reporter Moon Hyewon] bhc Chicken announced on the 7th that it will supply frying oil, high-oleic sunflower oil, to franchise stores nationwide at a price of 121,050 KRW, reduced by 4,650 KRW from the previous 125,700 KRW.

Due to the war between Russia and Ukraine, which account for more than 75% of the global supply, the international price of sunflower oil has been fluctuating this year. In response to a request from its supply partner, bhc Chicken began receiving sunflower oil at a significantly increased price starting in June. At that time, bhc Chicken stated that once the international price of sunflower oil stabilizes and the purchase price normalizes, the supply price to franchise stores would be lowered immediately.

The price reduction of the frying oil supply this time reflects a slight market condition for price decreases, and the franchise headquarters quickly reflected this in the supply price to franchise stores, according to bhc Chicken.

Since June, bhc Chicken has decided to extend its policy of absorbing the increased costs of about 80 raw and subsidiary materials, including powders, sauces, and chicken boxes, which saw price hikes from this month due to requests from supply partners, maintaining the supply price to franchise stores at the existing level.

A bhc Chicken official said, “We will continue to closely monitor the prices of raw and subsidiary materials and promptly reflect any purchase price reductions resulting from stabilization in the supply prices.”

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