Chinese Liquor Prices Going Up Ten Percent
With the Mid Autumn festival coming soon, the prices of quality Chinese wine and liquors have risen by ten percent so far. One of the most popular Chinese liquors, Moutai can’t be found in stores since most of them ran out of the Chinese liquor and new stocks have not been delivered yet.
Even though one can find a bottle of Moutai in stores in other districts, prices per bottle may not be the same. A bottle of Moutai in Wanjiahui supermarket sells for only 1,330 yuan which is not that expensive. In a wine store in Futian district the same bottle of Moutai sells for 1,680 yuan.
The Guizhou makers of Moutai have already increased their price for a 500 ml Moutai to 619 yuan a bottle from the previous price of 499 yuan. The makers also sent letters to retailers advising them to increase their prices to 1,560 yuan which is more than an 11 percent increase.
A salesman a local supermarket said that many people are looking for Moutai and don’t even mind to pay such a high price since it has been a part of tradition to have a bottle of the Chinese liquor during the Mid Autumn festival.
Prices of other Chinese wines and liquors had also increased by ten percent by the end of May 2011.