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Affected by cost factors, many food companies such as Haitian, Qiaqia, and Yasui have increased prices

 Last Update: 2021-11-12
 Source: Internet
 Author: User

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Food Partner Network News Since October,more than a dozen food companies, including Haitian , Qiaqia , and Yasui, have raised prices for their products dueto cost pressures caused by rising raw material prices
.

On October 12, Haitian Flavor Industry announced that in view of the continuous increase in the costs of major raw materials, transportation, energy, etc.
, it has decided to adjust the ex-factory prices of some products such as soy sauce, oyster sauce, and sauces.
The adjustment range of main products is 3%.
Range from ~7%, the new price implementation will be implemented on October 25
.

At noon on October 22, Qiaqia Foods issued an announcement stating that based on the upgrade of the company’s melon seeds series of products, the product strength has been improved, and the accompanying increase in the costs of raw materials, packaging materials, and energy.
Pumpkin seeds and small and fragrant watermelon seeds will undergo ex-factory price adjustments, with price increases ranging from 8% to 18% for each category.
The price execution will be implemented on October 22, 2021
.

On October 25, Totole issued a price adjustment notice, starting from January 1, 2022 to adjust the prices of some products, and the price adjustment range will increase by 3% to 5% depending on the product
.

On November 1, Yasui Foods issued an announcement in the evening saying that the promotion policy of some quick-frozen surimi products, quick-frozen dishes and quick-frozen rice and noodle products will be reduced or the distribution price will be increased.
The price adjustment ranges from 3% to 10%, the new price From the same day onwards, it will be implemented in accordance with the price adjustment notice of each product
.

　　On the same day, Angel Yeast issued a notice on adjusting the prices of some products.
Due to the sharp increase in the prices of major upstream raw materials, environmental protection and energy, the production cost has risen sharply.
Angel Yeast adjusted the prices of some products
.
The adjusted varieties involve the series products of non-aluminum hazard fried dough stick leavening agent; steamed bread and bread improver series products; bread and cake emulsifier series products; mold release oil series products; chicken essence series products
.
The company’s new ex-factory price will be implemented from 18:00 on November 8, 2021
.

　　On the same day, it was reported that Lee Kum Kee will also adjust prices, with the ex-factory price adjustment range of 6%-10%
.
The new ex-factory price will be implemented on December 16, 2021
.

　　On November 2, Haixin Foods and Hengshun Vinegar Industry announced price increases
.
Haixin Foods will reduce or increase the sales price of some quick-frozen surimi products, quick-frozen dishes and quick-frozen rice and noodle products.
The price adjustment ranges from 3% to 10%.
The new prices will be based on November 3, 2021.
The price adjustment notice of each product is implemented
.
Hengshun Vinegar Industry will adjust the prices of some products from November 20, 2021, ranging from 5% to 15%
.

　　On November 3, the investigation summary disclosed by Tianwei Foods showed that in mid-October, the company had increased the prices of two products, and other products were being comprehensively sorted out
.

　　On November 4, Jiajia Foods issued an announcement stating that in view of the continuous increase in the costs of major raw materials, transportation, energy, etc.
, it has decided to adjust the ex-factory prices of Jiajia soy sauce, oyster sauce, cooking wine, chicken essence and vinegar series products, and increase the rate.
The price ranges from 3% to 7%, and the new price will be officially implemented at 00:00 on November 16, 2021
.

　　In addition, according to media reports, Yunnan Energy Investment announced an increase in the prices of some table salt products and industrial salt products, with a comprehensive average price adjustment ranging from 30% to 35%.
At the same time, Su Yanjingshen also said that the company’s products are sold on the market.
Therefore, the price has been raised accordingly
.
Regarding the reason for the price increase, the above-mentioned companies stated that their profits were squeezed due to rising material costs
.
In addition to the two salt companies mentioned above, Xuetian Salt also said that the ex-factory price of small packets of table salt has increased by 10% recently, and the price of industrial salt has increased by 30%-50%
.

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Food Partner Network News Food Haitian Qiaqia

　　On the same day, it was reported that Lee Kum Kee will also adjust prices, with the ex-factory price adjustment range of 6%-10%
.
The new ex-factory price will be implemented on December 16, 2021
.

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