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).
$ W' @! z, ?, b0 X 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.8 R' j8 H; J4 v
Triggering a reaction, some candy manufacturers, in order to minimize losses, have chosen to use syrups as raw material." R1 b! f0 L+ \5 G
According to the reports, the decrease of sugar output in mass-producing provinces like Guangxi and Yunnan directly led to the price rise.
$ d V! r) N t0 i' |' Z However, rising prices helped sugar companies soar high in the stock market. |