Domestic prices of a low-key as condiments – spices, soybean, soybean – Food Ind

Several well-known Condiment Brands have price adjustment, consumer experience is not obvious
Recent careful consumers may find that when water and soil, Haitian, Lee Kum Kee, Heinz and many other brands Soy sauce , Chilli Sauce, chicken, etc. Condiment Have unknowingly put the price up by about 5% -10%, in the end every single product rose about 0.5-2 yuan. Because the prices are relatively low-key and the manufacturers rose less, so the current consumer market reaction is not significant.

Little impact on the market rose less
Reporter visited the supermarket found, including Haitian, Ajinomoto, Heinz, kitchen radio, taste things up and zhimei zhai and many other brands of soy sauce products have price adjustment.

Relevant responsible person said Heinz condiments, Heinz and the Heinz Gold Mark Gold Mark soy sauce and other products have recently sauce 7 prices, another well-known condiment brand Lee Kum Kee will also round up the recent soy sauce, soy sauce class prices. Guangzhou Vanguard supermarket relevant person in charge, said Lee Kum Kee has already received the "adjusted soy sauce products notice of price increases," Vanguard price adjustment measures intended to implement in the near future. This with Lee Kum Kee said the company did recently was gradually adjusted soy sauce, soy sauce and other condiments prices, but on an average rate of only 5% -10%. In a Panyu stores, 500ml packs of soy sauce and Silver Horizon Gold Label standard soy sauce, prices from 5 yuan, up 4 yuan to 5.5 yuan and 4.5 yuan, up five cents; taste things up to 380ml "a very fresh taste," also from the original five yuan into the current price 5.5 yuan. But according to a supermarket to the staff, most of these brands began to price adjustment in May, due to a minor price adjustment, so consumers feel this is not obvious that such sales with the usual condiments are not compared exception.

Raise the cost of spices prices Why have companies raise prices
condiment? Industry pointed out that the main reason is the cost price of raw materials, especially due to soaring soybean prices.

It is understood that soy sauce and soy sauce products are the main raw material. The need for China's soybean imports more than 70%, so the direct impact of international soybean prices and domestic Bean products Price. Starting from last July, China imported soybean prices have been rising for 10 consecutive months there, although in March this year, soybean prices began a sharp correction, but the support soybean basis in recent years, the fundamentals of the bull market has not changed much, the current Soybean prices up higher again began.

Expert analysis, on the one hand, due to increased demand and weather factors cut, tight global soybean supply and demand; the other hand, Chinese demand is still strong, China's soybean imports have now is about 2 times the number made last year, China's soybean imports reached 30,820,000 tons, a record high this year, imports are still expected to more than 30 million tons, while China's soybean imports in 2000 only 1,000 tons. In addition, sharply higher crude oil prices, increased market demand for biodiesel, which makes its global soybean supply and demand in the already tense relations worse.

Lee Kum Kee Public Affairs official said, the price adjustment mainly soy seasoning industry is facing the problem of raw materials prices. Other packaging materials costs and the rising cost of transportation logistics company also makes the cost of greatly increased. Such as in April this year, soybean prices rose 56%, crude oil prices rose as high as 84%, relatively recent part of the Lee Kum Kee soy sauce and sauce products, prices an average rate of just 5% -10% of the adjustment is amplitude modulation of a healthy market. Guangdong Jialong Food The person in charge of the company this year, including Starch , MSG, chicken prices rise much, the average cost of raw materials rose by 30%, have prices. Heinz is also concerned that the recent price adjustment and soybeans and other raw material costs directly related to, but for all of the problems facing the industry.

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