Business

Moon cakes rise in price as festival nears

Moon cake producers have begun early sales for the mid-autumn festival season, increasing both price by an average of 10 percent, and output by 10 to 20 percent.
Moon cake producers have begun early sales for the mid-autumn festivalseason, increasing both price by an average of 10 percent, and outputby 10 to 20 percent.

Kinh Do, the largest producer, said itwould provide the market with 1,900 tonnes of product 100 tonnes morethan last season, with prices 10 percent higher than last year, althoughraw material prices have gone up around 25 percent.

Bibica will make 500 tonnes and other companies like Duc Phat and ABC will produce several dozen tonnes.

Bibica deputy general director Phan Van Thien said sugar prices went up 80 percent and packaging cost rise 15-30 percent./.
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