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NewsCarlsberg mulls raising prices in 2012
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Carlsberg mulls raising prices in 2012
by hlk Wed 07 Sep 2011, 22:20
PETALING JAYA: Carlsberg Brewery Malaysia Bhd is considering raising its products' prices in 2012, driven by escalating raw material costs particularly barley amidst a hike in power tariffs and natural gas.
Managing director Soren Ravn said although the brewer had not hedge anything yet for next year, the prices of barley could be 35% to 40% higher, which will further squeeze the group's margins.
Earlier in May, the brewer had raised its products' prices by 3%, citing rising costs of raw materials such as malt and hops as well as packaging materials.
Managing director Soren Ravn said although the brewer had not hedge anything yet for next year, the prices of barley could be 35% to 40% higher, which will further squeeze the group's margins.
Earlier in May, the brewer had raised its products' prices by 3%, citing rising costs of raw materials such as malt and hops as well as packaging materials.
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