(Bloomberg) -- PT Indofood Sukses Makmur, the world's
biggest instant-noodle maker, raised prices of the staple for the
first time in more than three years after wheat and palm oil
costs rose.
The Indonesian company raised the price by 50 rupiah (1 U.S.
cent) a pack on all its noodles packs yesterday, said Weryanti
Setiawan, head of investor relations at the company. That raised
the price of the best-selling Indomie Rasa Kari Ayam by 5 percent
to 1,050 rupiah, while Indomie Mi Goreng rose 5.5 percent to 950
rupiah.
Read more at Bloomberg Commodities News
biggest instant-noodle maker, raised prices of the staple for the
first time in more than three years after wheat and palm oil
costs rose.
The Indonesian company raised the price by 50 rupiah (1 U.S.
cent) a pack on all its noodles packs yesterday, said Weryanti
Setiawan, head of investor relations at the company. That raised
the price of the best-selling Indomie Rasa Kari Ayam by 5 percent
to 1,050 rupiah, while Indomie Mi Goreng rose 5.5 percent to 950
rupiah.
Read more at Bloomberg Commodities News
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