[Epoch Times November 4, 2021](Epoch Times reporter Liu Yi comprehensive report) On October 3, Hengshun Vinegar Industry of Mainland China issued an announcement stating that it will adjust the prices of some products from November 20, 2021. The range ranges from 5% to 15%. This is after Haitian soy sauce, Qiaqia melon seeds, and Anjing fish balls, which are related to the price increase of people’s livelihood and daily necessities.
According to the “Announcement of Jiangsu Hengshun Vinegar Co., Ltd. on the Price Adjustment of Certain Products”, Jiangsu Hengshun Vinegar Co., Ltd., in view of the substantial increase in the cost of raw and auxiliary materials, transportation, etc., has been decided by the company from November 20, 2021. Starting from the price adjustment of some products, the adjustment range ranges from 5% to 15%.
Many food companies in mainland China have raised prices due to the price increase of raw materials.
Haixin Food Co., Ltd., known as the “century fish ball family”, also issued an announcement on November 3, stating that in view of the continuous increase in the costs of raw materials, labor, energy, and transportation, the company decided The promotion policy for dishes and quick-frozen rice and noodle products will be reduced or the distribution price will be increased, ranging from 3% to 10%. The new price will be implemented from November 3, 2021.
On November 2, Fujian Anjing Food Co., Ltd., another frozen food company, also issued a price adjustment announcement stating that in view of the continuous increase in the costs of raw materials, labor, transportation, and energy, the company has decided to impose restrictions on some quick-frozen surimi products, quick-frozen dishes and The promotion policy for quick-frozen rice and noodle products will be reduced or the distribution price will be increased, ranging from 3% to 10%. The new price will be implemented from November 1, 2021.
“The Beijing News” reported on November 2 that Lee Kum Kee, a condiment company, also issued an ex-factory price adjustment notice on November 1, adjusting the ex-factory prices of some products by 6% to 10%. The price adjustment started on December 16. Begin implementation.
On October 12, the mainland condiment leader Haitian Flavour Industry announced that it will adjust the ex-factory prices of some products such as soy sauce, oyster sauce, and sauces, ranging from 3% to 7%. The new prices will start on October 25 Implement.
On October 22, Qiaqia Foods announced that it would adjust the ex-factory price of sunflower seeds, pumpkin seeds, and small and fragrant watermelon seeds. The price increase of each category ranges from 8% to 18%. The new prices will start on October 22 Implement.
According to a report on November 3 by “Securities Times•e Company”, on October 29, Jinhe Industrial stated on the interactive platform that the company’s sweetener products have risen in cost due to the rapid increase in the price of bulk chemical raw materials. The company has recently based on market conditions. Increase the selling prices of food additives such as sweeteners and spices in different ranges.
Yeast giant Angel Yeast raised the ex-factory prices of some products twice at the end of September and early November this year.
The price hikes of these companies are due to the continuous increase in the costs of raw materials, labor, energy, and transportation.
The report said that after these companies announced product price increases, their stock prices all performed to varying degrees. Qiaqia Foods has increased by more than 30%, Jinhe Industry has increased by more than 7%, and Haitian Flavour Industry has also increased by more than 5%. On the trading day before the official announcement of the price increase (November 1), the share price of Yasui Foods fell to the limit, and rose 8.13% the next day.
On November 2, under the background of the Shanghai stock index falling 1.10%, the A-share food sector experienced a large-scale rise. The Flush Food Processing Manufacturing Index rose 2.45%. Among them, Honghui Fruits and Vegetables, Jingliang Holdings, Jinjian Rice, Keming Foods, Qianhe Flavour, Hengshun Vinegar, Sanquan Foods and other stocks closed their daily limit, Haitian Flavour rose more than 7%, and Jinlongyu rose more than 6 %.
According to analysis of Dongxing Securities, from the perspective of the three quarterly reports, the gross profit margin of dairy products, condiments, and snack foods has generally declined month-on-month due to rising upstream costs. Affected by the rise in upstream raw materials, some mainstream food companies have recently adjusted the prices of commodities. Next year, the rise in the prices of upstream raw materials will be further transmitted to the downstream, and more companies are expected to increase prices.
Editor in charge: Lin Congwen#
.