It was reported on April 21 that Weilong, Mala Prince and other leading spicy food companies announced price increases one after another. According to China News Network, Tong Xiangping, secretary general of the Pingjiang County Leisure Food Industry Federation in Hunan Province, the birthplace of spicy strips, told reporters that the price increase of spicy strips was caused by the rising prices of raw materials. Spicy Prince explained the reason for the price increase on the official WeChat account – the cost increase. Mala Prince said that since 2022, affected by the continuous rise in global bulk raw material prices, the prices of grain, oil and food have repeatedly hit new highs, and the cost of Mala Prince’s raw materials has also continued to rise. As of the end of March, rapeseed oil, flour, chili peppers, spices, and packaging materials have increased by 22%, 13%, 20%, 23%, and 10%, respectively, compared with the 2021 average, and the superimposed labor and freight costs have increased by 10%. After the overall evaluation of the company, it is decided to increase the price of Mala Prince series products, among which the price of 110g Mala Prince will increase from 6 yuan/pack to 7 yuan/pack, and the price of 550g boxed Mala Prince will increase from 24.9 yuan/box to 29.9 yuan/pack. Box, the new price will be implemented from May 1st. .
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