DELTA Corporation (Delta) is considering upward price adjustments for its sparkling beverages in an effort to preserve waning margins caused by a special surcharge on sugar and increased value added tax (VAT). This comes as fiscal authorities introduced a US$0,001 per gram sugar tax for beverage makers at the beginning of 2024, which was followed…
Delta hints at price hikes
The group has steadily deepened its agricultural value chains over the past decade through local sourcing, contract farming and investment in processing infrastructure.