Beer to cost more as prices may climb
By Jin Jing |
March 25, 2011, Friday
|
Print Edition
Print Edition
BEER drinkers in China may soon have to pay more to raise their glasses because major brewers, including Suntory and Snow Beer, are considering plans to raise prices in response to higher costs of raw materials.
China Resources Enterprise, which produces China's top beer brand Snow with SABMiller Plc, yesterday said its beer division will increase average selling prices to cover the increase in the costs of raw materials and packaging materials, according to its statement to the Hong Kong stock exchange yesterday.
Japan's Suntory has recently issued a notice to retailers informing them that it also proposed to increase prices of some of its products by an average 5.6 percent, according to Shanghai's NGS supermarket.
Its six-355-milliliter-can pack of Suntory Qingshuang will be sold at 13.20 yuan (US$2), up from 12.50 yuan, while a four-500ml-bottle pack will see its price increase to 13.30 yuan from 12.80 yuan.
An official surnamed Gan from NGS said other mainstream brewers, including Chinese brand Reeb, Tsingtao and United States-based Budweiser, may also hike their prices this year.
The rising costs of raw materials have forced beer makers to raise prices as they see their profits being eroded.
Hu Chunxia, an analyst at Guotai Junan Securities, said prices for wheat, the major raw material in beer making, have risen from US$250 per ton in September to about US$380 per ton now due to a tight supply worldwide.
China Resources Enterprise, which produces China's top beer brand Snow with SABMiller Plc, yesterday said its beer division will increase average selling prices to cover the increase in the costs of raw materials and packaging materials, according to its statement to the Hong Kong stock exchange yesterday.
Japan's Suntory has recently issued a notice to retailers informing them that it also proposed to increase prices of some of its products by an average 5.6 percent, according to Shanghai's NGS supermarket.
Its six-355-milliliter-can pack of Suntory Qingshuang will be sold at 13.20 yuan (US$2), up from 12.50 yuan, while a four-500ml-bottle pack will see its price increase to 13.30 yuan from 12.80 yuan.
An official surnamed Gan from NGS said other mainstream brewers, including Chinese brand Reeb, Tsingtao and United States-based Budweiser, may also hike their prices this year.
The rising costs of raw materials have forced beer makers to raise prices as they see their profits being eroded.
Hu Chunxia, an analyst at Guotai Junan Securities, said prices for wheat, the major raw material in beer making, have risen from US$250 per ton in September to about US$380 per ton now due to a tight supply worldwide.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
