Vitasoy International Addresses Rising Raw Material Costs, No Immediate Price Hike Planned

According to CFO Veronica Ng at a recent earnings call, Vitasoy International (00345) is facing increased raw material costs driven by Middle East tensions, with oil-linked materials experiencing double-digit cost increases. The company has implemented measures including long-term contract lock-ins with suppliers and weight reduction on bottle caps to mitigate pressure. CEO Kent Lau noted the company currently has no immediate pricing plans but will adjust based on market competition. However, the impact of transport costs and oil price fluctuations remains difficult to offset without government diesel subsidy support.
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