The confidence of buying Chinese fresh produced food has declined
More Chinese consumers are turning to imported food brands due to the domestic food safety scandals in recent years, according to a report published on Aug 20, 2012 by research company Ipsos. According to the report, 61% of Chinese consumers said that their confidence in domestic food brands has declined during the past year, and 28% said they will buy more imported food brands to replace domestic products. Dairy products are the most popular imported products, followed by grains, cooking oil and children's food.

In China, food prices have steadily risen, with prices rising 1.8% in October 2012 on a year earlier. Meanwhile, commodity prices rose 1.5%. Additional contributions to rising food prices were increased labour costs and growing demand for meat, dairy, and grain products, combined with market speculation, which pushed inflation beyond its target. Imports of commodities will rise if the prices continue to escalate in the future.
Copyright © 2010 - 2012 by Buyer Council Co., Ltd