F&N warns of further price rises

F&N chief executive officer Lim Yew Hoe

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) could raise the prices of its products as the commodities prices continue to rise and spike in global freight rates.

"I think prices will definitely have to be increased, but when and by how much percentage we will increase it depends on the commodity price trend. One thing we can promise with certainty is that the price increase will always lag behind the cost increase,” said chief executive officer Lim Yew Hoe.