The price of the sugar, by October 28, had increased to 7,387 yuan ($1,105) per ton from the previous 3,000 yuan ($449.1), according to reports Monday citing data from China Sugar Index (CSI).$ c3 c' _4 v& R: B1 S
And such hikes have rendered companies of the field unable to cope and getting into mass losses. Which is giving them (companies) no option but to find a way to adjust so as to keep active.$ p4 C( k! A+ I' u
Triggering a reaction, some candy manufacturers, in order to minimize losses, have chosen to use syrups as raw material." D A. ?- k6 Y" @; J
According to the reports, the decrease of sugar output in mass-producing provinces like Guangxi and Yunnan directly led to the price rise.6 G+ C" E1 u8 C5 j+ _$ ]# N
However, rising prices helped sugar companies soar high in the stock market. |