By Divya Chowdhury DAVOS, Switzerland (Reuters) -Budget furniture retailer IKEA is sticking to planned price cuts despite Red Sea shipping disruptions pushing up costs, it said on Monday ahead of the World Economic Forum’s annual meeting. “Our commitment is to make sure that we prioritise investing in lower prices for our customers,” Jesper Brodin, CEO of Ingka Group, which owns most IKEA stores worldwide, told the Reuters Global Markets Forum in the Swiss ski resort of Davos. Ingka Group has invested more than 1 billion euros ($1.1 billion) in price reductions across its markets from Septembe…