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 festival
season, increasing both price by an average of 10 percent, and output
by 10 to 20 percent.
Kinh Do, the largest producer, said it would provide the market with 1,900 tonnes of product 100 tonnes more than last season, with prices 10 percent higher than last year, although raw 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./.
Kinh Do, the largest producer, said it would provide the market with 1,900 tonnes of product 100 tonnes more than last season, with prices 10 percent higher than last year, although raw 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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