CJ CheilJedang Cuts Consumer Starch Sugar Product Prices by Up to 5%

Business-use (B2B) starch sugar prices also cut by 3-5%

CJ CheilJedang announced on the 23rd that, following a 3-5% reduction in prices for business-use (B2B) starch sugar last month, it will also cut prices for consumer-use (B2C) starch sugar products by up to 5%. Starch sugar is a raw material used widely across processed foods such as snacks, beverages, and sauces.

The company stated, "We have reflected the recent decline in international raw material prices," adding that "this is intended as an active contribution to the government's policy stance on stabilizing prices." It went on to say, "We hope this will, even in a small way, help reduce the burden on our client companies and consumers."