Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Food & Beverage Tools: Save | Print | E-mail | Most Read | Comment
Liquor producers increase prices before Spring Festival
Adjust font size:

China's major liquor producers have started raising prices to cash in on demand during the upcoming Spring Festival celebrations.


Kweichow Moutai, a famous spirit company in China's southwestern Guizhou Province, announced recently that it would increase the producer prices of its various spirits by 20 percent on average.


The company said the price increase was a natural response to the rising market demand.


Liquor is considered a must-have for Chinese families gathering for the coming Spring Festival, which this year is on February 7, the country's traditional Lunar New Year, which usually drives up the prices.


The current producer price of a bottle of 53-degree Moutai was 388 yuan (53 U.S. dollars), and its sales price had already surged before the company's announcement, according to a recent report by the Beijing Morning Post.


The sales price of 53-degree Moutai had increased from 688 yuan (94 U.S. dollars) to 728 yuan (100 U.S. dollars) a bottle at one of the company's chain stores in Beijing's Xizhimen area, the report said.


Rising grain costs have also impelled the liquor producers to increase prices, analysts said.


(Xinhua News Agency January 16, 2008)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- US$12.6 Bln Worth of Spirits Sold Last Year
- Half Chinese Dislike Being Forced to Drink: Survey
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号