Industry
Lotte Wellfood cuts prices for confectionery, ice cream and packaged bread products by 4.7 percent on average
Lotte Wellfood said on March 19 it will cut prices on nine items including confectionery, ice cream and packaged bread by up to 20 percent, averaging 4.7 percent. The cuts will apply to shipments from April 1 and will be rolled out gradually by distribution channel. The company said it decided on the cuts to join the government’s price-stabilisation drive and share the burden with people facing difficulties.
