The rise in price of the most sold brand of soy sauce in China, the manufacturer of Foshan Haitian was suddenly called a sign of the growth of inflationary pressure in the second largest world economy, reports “bi-bi” .
From October 25, Foshan Haitian will increase the prices of their product range for seven percent. It is expected to rise in price soy, oyster and other brand sauces. As the company said, price increase should make its business more resistant in the conditions of growing raw materials, transportation and energy.
China faced the energy crisis that provoked an increase in electricity prices. The reason was the fast-growing industrial demand and high prices for commodities, as well as the country transition to clean energy.
The index of world food prices grew by 27 percent per year, which became a record indicator for 40 years. The head of the American food concern Kraft Heinz Miguel Patriciio explained that there are several reasons for rising prices: supply failures and unsatisfied demand. In addition, the increase in energy increased costs of manufacturers. Patriciio is confident that food prices will grow further, because the population of the planet is growing, and the land area where food can be grown does not increase.