Taiwan raises prices for six types of liquor for the first time in 15 years

Taiwan News
Date: 2017/06/05
By: Judy Lin, Taiwan News, Staff Writer

TAIPEI (New Taipei City)—Taiwan Tobacco and Liquor (TTL) has raised prices for six

types of liquor including three types of shaoxing wine, yellow wine, Chinese wine and dragon phoenix wine (龍鳳酒) by NT$10 to NT$40 (US$0.33 to US$1.33) .

TTL confirmed the company adjusted liquor prices for the first time in 15 years, and the adjustments were needed to ensure “reasonable profits.”

Sales of the six types of liquor amounted to less than 1 percent of total alcohol sales, said the company.

Shaoxing wine prices rose from NT$160 to NT$175, mature shaoxing wine inched up from NT$180 per bottle to NT$200, and premium shaoxing wine prices were up from NT$250 to NT$290, according to data compiled by distributors.    [FULL  STORY]