Korean sugar companies raise sugar prices

Beijing December 27th (intern reporter Wang Qiao) According to the Korean North Korea Daily report on December 23, South Korea’s largest sugar company, “Hiljee First Sugar”, said on the 22nd that sugar will be shipped from the 24th. The price is adjusted upwards by 9.7%, the price of retail white sugar is increased by 9.5% per kilogram, and the wholesale use of white sugar is increased by 9.9% per 15 kilograms. The first sugar-related person of Ciejie said: “Since the price of raw sugar reached the highest value in nearly 30 years, the company had already lost tens of billions of won in the first half of this year, so the price could only be raised.”

It is reported that the main reason for the increase in the price of sugar is the reduction in the production of major sugar producing countries such as Brazil and Russia. The raw sugar price on the New York International Futures Exchange has now reached 31 cents per pound (approximately 4.4 yuan per kilogram). The price is twice as high in the middle of this year. In addition, sugar companies such as Samyang Corporation and Korean Sugar will also adjust prices. Relevant personages of Sanyang Society stated: “Although the time and magnitude of the increase have not yet been determined, we have to consider measures to increase prices because raw sugar prices have risen sharply.” According to industry analysts, with the increase in the price of sugar, biscuits and bread The prices of related foods such as beverages will also increase. Drinkers such as Coca-Cola and Lotte Seven have already raised their prices. From the point of view of flour companies, there is a high possibility that prices will be raised at the beginning of next year.