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Sugar prices up 10%
17/9/2004 16:37

Jane Chen/ Shanghai Daily news

Shanghai's sugar prices have soared by around 10 percent in the past month, leading to price rises increases of in other sugar-savvy food products, today's Youth Daily reported.
The rRetail price has risen from 3.58 yuan (43 US cents) per kilogram to 3.92 yuan in August, according to data of from the Shanghai Commercial Information Center indicates.
The wWholesale price has also undergone a jump from 3,100 yuan per ton during the same period a year ago to the current 3,360 yuan.
The rises increases have pushed up the prices of some heavy sugar-ingredient food products with heavy sugar contents.
 The Pprice of rice-inserted sweeat lotus roots with rice, one of locals' favorite snack for example, has climbed from 15 yuan per kilogram to 16 yuan.
Despite that, local candies will not stage experience an immediate price rise, since since the Shanghai sugar industry association doesn't plan to raise the sugar product prices, according to Guan Sheng Yuan (Group) Co Ltd, producer of the White Rabbit Creamy Candy.
That's partly because the current prices for industry use were approved by the pricing authority in 2001 when the prices were already higher than the existing levelpresently.
On the other handAs well, the sugar demand is not expected to changesharply jump after the price rise increase owing to people's diet habit changesbecause people¡¯s eating habits have changed, according to industry analysts.