Supermarket sugar prices increased 13%

(Reporter Yang Bin) This morning, Wumart and other supermarkets received a price adjustment notice from Sugar Company: The price of various specifications of sugar was raised by 13%.

After the National Day, China's sugar price hit a record high: The wholesale price of sugar rose by 70% compared with the same period of last year. Following the “21.43 1.08%” price increase in agricultural products such as “beans you play” and “garlic and oysters”, sugar is now dubbed the “Gao Gaozong”. This impressive increase has begun to spread to the terminal market, and will directly lead to sugar-related products such as candy, chocolate and other brewing prices.

The reporter visited the market and found that the retail price of ordinary sugar in the new market reached a maximum of 7 yuan/kg yesterday. There are many specifications for bags of ordinary white sugar in supermarkets. Take Wumart as an example. Sugar in sugar companies is cheaper at 3.5 yuan per 400 grams, and more expensive at 7.8 yuan per 1,000 grams. If you calculate at 13%, you should increase each bag. 4 hair 5 to 1 more money.

Ren Changqing, deputy general manager of Beijing Sugar Alcohol and Alcohol Co., Ltd., told reporters that various specifications of sugar sold in supermarkets are not the same. In this price adjustment, the average amount of sugar per bag rose by an average of two or three. "Some time ago I was already losing money and I couldn't support it if I didn't go up."

Wumart personnel said in the morning, "At present, we will also follow the original purchase price, inventory sugar can be maintained for some time," this month will certainly not increase prices.

Sugar prices will spread to food production companies in the industry chain. “The White Rabbit, Toffee, Ma Dajie, and Xu Fuji have raised their prices before the National Day. Other sugar products have not yet received the price adjustment notification from suppliers.” The relative leader of the supermarket of Lotus Bee [0.28 1.82%] told reporters . The reporter learned from a number of supermarkets that many sweets, biscuits, chocolate and other sugary foods have been quietly sold at the end of last month.

Some companies made it clear that in recent years, as the prices of raw materials such as sugar, milk powder, and chocolate have continued to rise, the pressure on companies’ profits has also been rising. If sugar prices continue to heat up, it will be inevitable for consumers to pay for high sugar prices.

"Now the futures market can be said to be 'more money than sugar'". According to Ren Changqing's deputy general manager, the recent property market regulation and the influx of large amounts of funds withdrawn from the property market are also the root causes of rising sugar prices. Even the sugar factories in the producing areas are now joined by the army of fried sugar. The sugar in their hands is not sold to dealers but is directly placed on the futures market. The phenomenon of several large group companies joining hands in speculation does exist. "Man-made speculation may be the driving force behind the soaring price of sugar."

Ren Changqing revealed that the rise in sugar prices has now caught the attention of the National Development and Reform Commission.