BHC to Raise Franchise Supply Price of Sunflower Oil by 20%

Dining Brands Group's BHC Chicken will raise the supply price of frying oil for its franchise stores by 20%.

According to industry sources on December 18, BHC has decided, after discussions with franchise owners, to increase the price of 15kg high-oleic sunflower oil from 75,000 won to 90,000 won, an increase of 15,000 won, starting December 30. This is the first supply price increase in three and a half years. BHC cited a significant rise in international market prices and an increase in exchange rates, both of which have raised cost burdens, as the reasons for the price hike.

BHC had sharply raised the price of sunflower oil in July 2022, but subsequently lowered it seven times.