Monday, January 10, 2011

Maotai domestic prices spreads widened at home and abroad

 YORK (Reporter Li Lei) yesterday, media reports, the Chinese neighborhood in Flushing, New York, 1000 ml packs priced the same degree of Flying Maotai 220-230 U.S. dollars, while China's 53 degrees 500ml prices have soared to each Maotai bottle of 1,200 RMB. The difference caused by the same wine that the Chinese bid here, ready to back the domestic Chinese New Year.

In this regard, the day congenial Gu Shi Jiangang food and beverage industry analysts said the price gap between domestic and export Maotai has been there, only because the domestic market in recent years, prices rose Maotai, and foreign Maotai is not so much of the increase, so the gradual spread widening.

According to the 2010 semi-annual report shows Moutai, domestic revenue was 64.3 billion, operating income of 155 million abroad; its annual report in 2009 disclosed the domestic revenue was 93.8 billion, operating income was 293 million abroad. The same period, foreign domestic area is 30-40 times the operating income areas.

Many industry analysts believe that, compared with domestic sales, exports Moutai is almost negligible. Huang Feng CRE securities analysts that there is a big domestic and foreign sales of Maotai spread mainly by market supply and demand decisions. At the same time led to the domestic tobacco export.

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