Procter & Gamble will raise prices for its products by as much as 10% in China, a spokesman for P&G China said, state media reported. P&G, the world’s leading household commodities producer, said soaring raw-material costs led the company to raise the prices of Pampers, a disposable diaper brand and Whisper, a sanitary napkin brand, by 10% from the end of July. Prices of water-absorbent material and pulp, the main substances needed for diapers and sanitary napkins, increased by 50% in the past year. The price of raw materials such as palm oil, coconut oil and animal fats has increased by 150-160% in the past two years, according to the spokesman. The spokesman said the price rise was part of the company’s global strategy, previously announced to boost prices worldwide by up to 16% in the middle of July.
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