China's food prices rise – oil, salt, and vinegar increase 3% to 35%

Published 2021년 11월 4일

Tridge summary

Hengshun Vinegar Industry, also known as 'China's Largest Vinegar Enterprise', has announced a price adjustment for some products, with increases ranging from 5% to 15%. This is part of a wider trend among listed A-share food companies, including Angel Yeast, Haitian Weiye, Jiahe Foods, and Haixin Foods, who are also raising prices due to rising costs for raw materials, transportation, labor, and energy. The cost increase has not yet fully covered the increase in raw material costs, and companies are keeping an eye on the trend in raw materials and the consumption situation in the future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Epoch Times November 05, 2021] Hengshun Vinegar Industry, known as "China's Largest Vinegar Enterprise", announced on October 3 that it will adjust the prices of some products, ranging from 5% to 15%. This means that in the "chai, rice, oil, salt, sauce, vinegar and tea", the price increase of the four common people’s daily necessities of oil, salt, sauce and vinegar is a foregone conclusion. "Securities Times" reported that on November 3, Golden Arowana disclosed the survey minutes that the company adjusted the prices of different oil types at the end of 2020 and March-April 2021, and the overall price increase was about 10%-15%. At present, the price increase has not fully covered the increase of raw materials. In the later period, we need to pay attention to the trend of raw materials and the consumption situation. In fact, this statement of Arowana is regarded by the industry as a relatively strong price increase expectation. Recently, more than a dozen listed A-share food ...

Source: Epochtimes