Baijiu hoarding raises price

'炒'風如今刮向茅臺酒?

Buying credited to hoarders sent the price of baijiu, or Chinese liquor, in the Guangzhou market to a new high, the Guangzhou Daily reported. The average price of a 500ml bottle of the "Feitian" series of Moutai liquor, with a standard alcohol content of 53%, soared in August to cross the RMB1,000 mark to up to RMB1,198. Some upstream suppliers are storing goods to corner the market, and the alcohol they bought last year has gained 80% in market value, a dealer told the newspaper.

據《廣州日報》報道，近來一線白酒終端售價"漲聲"一片，又創新高。8月份，500毫升53度飛天茅臺在羊城的均價突破千元大關，零售價最高達1198元。有經銷商告訴記者，近期瘋"搶"茅臺原因在于部分上游經銷商囤貨惜售，去年一年囤積的茅臺酒就升值了8成。

*以上新聞由ChinaDaily雙語手機報提供