BENEO-Orafti Increasing Prices

MORRIS PLAINS, N.J.—BENEO-Orafti announced Aug. 25 it is increasing prices by 25 percent on its range of Orafti® products, including inulin and oligofructose ingredients. The increase will be implemented on Nov. 1, 2008.

Dominique Speleers, managing director, said: “BENEO-Orafti has strived to avoid this price increase and has made many improvements within the business to make sure it is running as efficiently as possible. However, due to the continued and unprecedented increases we have experienced in energy, raw materials and processing costs, a price increase is inevitable and necessary to cover costs and maintain profitability. We understand this price increase means extra pressure for our partners and customers. We do know however, that the consumer recognizes the value and benefits of healthy nutritious foods and is willing and prepared to pay a price premium for such value-added products.”