Flour prices fall as producers attempt to alleviate inflation burden

Samyang Corporation and Daehan Flour reduced the prices of their flour products in response to a price adjustment initiated by CJ CheilJedang last month.

Flour products are displayed at a hypermarket chain in downtown Seoul on Monday. [YONHAP]

Samyang Corporation and Daehan Flour reduced the prices of their flour products on Monday in response to a recent price adjustment initiated by CJ CheilJedang last month.

Samyang Corporation has implemented an average price reduction of 6 percent, while Daehan Flour has not disclosed the exact percentage of its cut. CJ CheilJedang has reduced prices by an average of 6.6 percent. This decision follows the government's encouragement for manufacturers and distributors to participate in efforts to combat inflation.

BY SEO JI-EUN [seo.jieun1@joongang.co.kr]