BEIJING, Jan. 25 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, reports that Chinese tobacco and alcohol prices are on the up.
With the Chinese New Year approaching, Chinese liquor prices increase are set to increase, with the price of red wine, cigarettes and coke also increasing.
Wuliangye and Maotai price rises
From the end of last year to now, Maotai and Wuliangye ( http://frbiz.com/catalog-13010000-1/Alcohol.html ), as well as other liquor brands, have seen price increases, and many other high-end red wine prices have begun to follow, but the price range to the consumer is acceptable.
It is understood, similar to the Great Wall red wine, at roughly 200 yuan a bottle, it is more popular. At beginning of this year, these wines have also been drawing the wave of price increases, and the increase range at about 10 percent.
Coca-Cola for "sugar", the price is also up.
The Chinese liquor and red wine prices surged before the Chinese New Year, while on the other side, other beverages are not far behind. Coca-Cola cans, Coca-Cola 600 ml and 1.5L bottles, and 1.25L bottles of orange juice drinks must be up about 5 percent. Manufacturers increased prices because the price of raw materials and packaging materials are up. Frbiz analyzes that the main reason for Coca-Cola to adjust the price is that the sugar price increased. Since October last year, sugar prices have been crazy, and now the national average price of sugar is about 5,000 yuan/ton, while the cost of sugar, accounted for 35 percent of the Coca-Cola Company's total cost.
China's cigarettes price increased.
Recently, Chunghwa cigarettes have also risen in price. It is understood that the price for soft-pack Chunghwa cigarette is generally 68 yuan a pack, while the cheapest is selling at 45 yuan, but is still difficult to buy.
But the Frbiz analyst learned that other brands of cigarettes have not risen in price but do not wait until the last to buy, because by virtue of the experience of previous years, during the New Year products will scarce.
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