Second major noodle brand hikes price due to inflationary pressure
Master Kong, one of the biggest players in China’s instant noodle market, raised prices recently for some products by 12% to 4.5 yuan.
While this is a relatively small increase, price increases have been happening across the industry as companies deal with higher material costs. On January 5th, Nissin Foods hiked prices of its noodles for the first time ever as the industry reported poorer margins.
The cost of ingredients like wh...