Consumers pay more but get reduced contents
By Feng Jianmin |
April 26, 2011, Tuesday
|
Print Edition
Print Edition
SOME food and drink producers have indirectly increased prices by reducing the net weight of their products while customers find that multinational milk powder makers have already raised prices, media reports said.
Ting Hsin International Group has reduced the contents of their juice packets from 500ml to 450ml but it did not cut prices, Xinmin Evening News said yesterday.
"That (reduction) equals to a price hike of 11 percent," the report said.
Its reporter found the company had changed the packaging of the juice so that consumers would not notice the difference.
"The package looks more attractive but to raise prices in such a way makes people uncomfortable," a consumer surnamed Wang said.
China Economic Times claimed that some types of milk powder produced by Nestle have jumped by as much as 20 percent in some supermarkets in Beijing.
But a media officer with Nestle denied the allegation, the newspaper said. Quoting unidentified industry observers the newspaper added that firms "are likely to increase prices without public announcements."
China's top planning agency, the National Development and Research Commission, has been "talking" with firms since late March in a bid to prevent price manipulation.
But the NDRC said the talks "were not administrative intervention of the corporations' right to set prices."
Thirty five diary companies, including Dumex, Nestle, Mengniu and Yili, agreed last Friday to "control prices at reasonable levels while ensuring sufficient supply."
Ting Hsin International Group has reduced the contents of their juice packets from 500ml to 450ml but it did not cut prices, Xinmin Evening News said yesterday.
"That (reduction) equals to a price hike of 11 percent," the report said.
Its reporter found the company had changed the packaging of the juice so that consumers would not notice the difference.
"The package looks more attractive but to raise prices in such a way makes people uncomfortable," a consumer surnamed Wang said.
China Economic Times claimed that some types of milk powder produced by Nestle have jumped by as much as 20 percent in some supermarkets in Beijing.
But a media officer with Nestle denied the allegation, the newspaper said. Quoting unidentified industry observers the newspaper added that firms "are likely to increase prices without public announcements."
China's top planning agency, the National Development and Research Commission, has been "talking" with firms since late March in a bid to prevent price manipulation.
But the NDRC said the talks "were not administrative intervention of the corporations' right to set prices."
Thirty five diary companies, including Dumex, Nestle, Mengniu and Yili, agreed last Friday to "control prices at reasonable levels while ensuring sufficient supply."
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