Shanghai Foodstuffs is one of the world’s most popular food suppliers, with sales of $4.4 billion in 2016.
But when it comes to foodstuff prices, the company isn’t getting as much as you might think.
The company’s prices are being artificially inflated by Chinese government officials who have been selling goods at exorbitant prices in an effort to boost the country’s economy, The Wall Street Journal reported.
Shanghai Foodstuff said it was selling its wares at the artificially inflated price of 4,600 yuan ($72) per pound ($15.60) in 2017, but it wasn’t the only supplier being squeezed by the government.
The price of foodstamp foodstuff at Shanghai Food Stuffs in 2017 was artificially inflated, according to the company.
The company said its prices were inflated because it was buying foodstamps from a company that had been under investigation for bribery and fraud.
The scandal has been a major blow to the local government, which is in the process of dismantling its food stamp program.
Shangai Foodstamps said in a statement that the price of the foodstamping goods it sells to Shanghai Food Group were being artificially and falsely inflated to get more government subsidies, which the government doesn’t want to pay.
It’s no surprise that the government would try to artificially inflate the price and then artificially sell the food at artificially inflated prices, said Chris Miller, managing director at food-services company, DBS Global Group.
We don’t know who the source of the artificially raised prices is, and it’s likely that the inflated prices come from the Chinese government, Miller said.
We do know that they’ve been trying to artificially inflate the prices and sell foodstaple products at artificially high prices, and that’s a problem for us.
It is the first time we’ve seen such a massive, systematic price manipulation of a foodstructure that we know about in China, said Miller.
The government doesn