Lotte Confectionery raises prices on some products

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Lotte Confectionery raises prices on some products

Lotte Confectionery said it will change the prices of some of its products on Friday.

It will raise prices on a total of eight products including its World Cone and Butter Coconut biscuits. On the other hand, the company will reduce the price of its premium Ghana Premium chocolate.

The company’s decision came after a rise in the price of packing materials. The price of packaging film rose 17.4 percent in the last five years, and the company said it has no other option but to raise some prices. The average increase is 8.4 percent for products that will get more expensive.

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