Delta Beverages has increased the wholesale prices of clear beer by an average of 25%. The recommended retail prices have been adjusted accordingly.
The Beverages manufacturer issued a statement that reads as follows:
… the adjustment of the wholesale price is meant to cushion against the significant increases in local costs, as confirmed by the official inflation statistics.
It also addresses the value share with the retail partners. The Company is still assessing the cost impact on its other products. The Company notes the reports about hikes in the retail prices of its products.
These prices do not reflect the cost of acquiring the beverages from Delta. We commend the modern trade channel that continues to charge recommended prices. We urge our other retail partners to be considerate in dealing with the consumer.
This comes a week after the government reversed Delta’s plans to sell its products in US Dollars while vowing to continuously support it with financial incentives.
Delta Corporation Limited is a Zimbabwe Stock Exchange listed integrated beverage company with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. It has investments in associate companies whose activities are in cordials and... Read More About Delta Beverages