Following CJ CheilJedang, two other companies will also cut flour prices from April = South Korea

Following CJ CheilJedang (097950), flour milling companies Samyangsha (145990) and Daehan Flour Mills (001130) will also reduce their flour sales prices starting in April.
According to the industry, on the 31st, Samyangsha will reduce the price of 1kg and 3kg of all-purpose flour for consumers by an average of 6%, effective April 1st.
Daehan Flour Mills, which once lowered the price of flour by an average of 6.4% in July last year, will reduce the price of four types of flour for consumer sale: 1kg, 2kg, 2.5kg, and 3kg.
. However, the specific price reduction rate was not disclosed. Prior to this, CJ CheilJedang will start selling 1kg and 2.5kg of all-purpose wheat flour and 3kg of flour for okonomiyaki to general consumers from April.
The company announced that it will reduce the prices of three types of wheat flour products by an average of 6.6%. Prior to this, the government announced that if international grain prices such as wheat flour fell sharply in the first quarter, it would target flour milling companies to sell wheat flour.
Pressured to lower prices. The reduction in product prices by flour milling companies is expected to have an impact on the distribution industry as well. E-Mart (139480) reduced the price of CJ CheilJedang's flour products on the 29th.
did. Convenience store stores CU and GS25 will also immediately reflect the reduction in supply prices, and will reduce the price of CJ CheilJedang's flour by about 4% as of April 1st.