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).
4 y+ f9 @1 C c4 ?8 L: {( W 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.
4 |0 p9 v o2 v* y& @/ r Triggering a reaction, some candy manufacturers, in order to minimize losses, have chosen to use syrups as raw material.
, O: ]7 x7 u7 B/ [4 M According to the reports, the decrease of sugar output in mass-producing provinces like Guangxi and Yunnan directly led to the price rise.; O9 i: N% s [( T
However, rising prices helped sugar companies soar high in the stock market. |