The China Post
Date: March 11, 2017
By: The China Post news staff
Papermaker Yuen Foong Yu (YFY, 永豐餘) said Friday it would raise its household product prices this month because of rising material costs.
Cheng Loong Corp., one of its major domestic rivals, said it would not follow suit.
YFY said it would raise ex-factory prices by 5 to 8 percent for household paper products in mid-March, with the increases covering its popular tissue and toilet paper brands such as Mayflower and Tender.
But YFY said its retailers would determine the prices of the products on their own store shelves. [FULL STORY]