China’s food producers hike prices amid rising material prices, energy curbs
Several leading food producers in China have announced price hikes up to 18% after surging material prices and energy curbs push up production costs.
Foshan Haitian Flavouring & Food Co. Ltd, the country's largest sauce producer, announced on October 13 that it would raise prices of its major products including soy sauce, oyster sauce and other sauce products by 3% -7%, starting from October 25.
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