Industry
Instant noodle prices up 11%, sharpest gain since 2009
Nov. 7, 2021
Prices of instant noodle products rose 11 percent from a year ago in October, the largest jump since 2009, leading an overall increase in food prices, government data showed Sunday. According to the state-run Statistics Korea, ramen prices reached the highest on record last month, growing by the largest margin since February 2009, when the country saw a 14.3 percent growth in instant noodle prices. The market’s four main players -- Nongshim, Ottogi, Samyang and Paldo --have a