Almarai raises the prices of its products beginning in 2023.

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Starting in 2023, Almarai will start raising the price of its products.

The Almarai Diary Company in Saudi Arabia disclosed that it increased the pricing of a variety of its products beginning in 2023 in order to meet its costs as a result of the high cost of supplies, feed prices, and enormous freight charges.

After receiving a question regarding the high prices of the company’s products, Almarai Company responded on its official Twitter account, saying that Yes, the costs of the production inputs, feed prices, and shipping expenses have significantly increased over the past several months.

This reality forced the corporation to raise the pricing of a select few dairy products in order to partially offset the cost of these price increases.

Almarai Company made a 1.2 billion riyal investment in Sakaka Governorate in the Al Jouf region last December with the intention of creating facilities for the production of poultry brood stock.

Prince Nayef bin Sultan bin Muhammad bin Saud Al-Kabeer, the chairman of the Almarai company’s board of directors, stated that “the attention the Saudi government pays to the private sector has directly contributed to achieving the goals of the Saudi Vision 2030 to enhance food security in the Kingdom.”

In order to improve vertical integration of poultry supply, he continued, the investments involve building poultry production facilities and will create 720 new job possibilities.

In order to increase its poultry output and divide the company’s contributions to economic development in other areas of Saudi Arabia, Almarai earlier this year made a similar project in the Hail region with a value of 4.5 billion riyals.

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