China: The rising cost and performance pressure has caused condiment companies to raise prices such as soy sauce one after another

Recently, the price of condiments has been rising. Affected by factors such as cost pressures caused by rising raw material prices, many companies have increased product prices to ease the pressure of performance growth. Recently, many condiment companies have increased the ex-factory prices of their products. Haitian Flavor announced that the ex-factory prices of some products such as soy sauce, oyster sauce, and soy sauce will be adjusted by 3%-7% due to the increase in major raw materials, transportation, and energy costs. Subsequently, Heng In the vinegar industry, food and other condiment companies have followed the trend and increased their prices. According to data from the China Condiment Association, the profits of listed condiment companies fell in the first three quarters of 2021.In the first three quarters of 2021, the total operating income of 16 listed condiment companies totaled 60.506 billion yuan and the total net profit was 8.837 billion yuan. Among them, Jiajia ...