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That's a very good question. When supply is limited and demand rises, you adjust the price accordingly.
Particularly for a luxury good... Something about this story doesn’t smell right.
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No idea what you mean. No one needs to sell to Chinese markets for Chinese to buy the product. We are in the WTO, so a Chinese importer comes, buys at market price, and pays tariffs. Exactly as western people buy things in the international market.
OP actually gets the point. Chinese consumers are not aware of those foods until very recently, and their interests are likely cultivated by the corresponding oversea industry intentionally. So why blame China for the shortage when the western countries are the ones create the demand in the first place? I guess it is a convenient strategy to hike the price while swiftly shift the blame to something people already dis…
As said, we are in the WTO. Which means yes or no to exports. With good reason.
> But demand is now threatening to outstrip supply Why isn’t the price being adjusted?
And in the third paragraph: "it is pushing up the price by as much as 10%".
And in the sixth: "It’s inevitable that the price in Spain is going to rise"
I hope this trend continues and we find new, healthier ways to expand our economy.
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It's a specific type of luxury ham produced in Spain (ergo the name "Iberian ham"). Since you didn't even know what this product was beforehand you have nothing to get ready for, it won't affect you.
Luxury ham? Now I'm getting it.
No one HAS to sell to Chinese markets.
When you HAVE to pay your debts/working capital off you HAVE to sell as much as you can to whoever buys it and pays the most. These type of comments really get me off. It is so ignorant of people who work under different circumstances than in tech.
Lots of individuals and companies also sell their products below the absolute maximum price they could charge.
Besides this ham, evidently Chinese demand has been blamed for the global shortage of avocados [0] and the lack of butter in France [1]. I've personally most noticed the effect when it comes to wide-release movies, in which the heroes manage to find some reason to end up for a brief scene in China, or to use Chinese brand products -- Civil War, Transformers, and Robocop come to mind. There's also the suspicion that A…
They also are responsible for a shortage of baby milk powder and baby food from Germany, the Chinese buying all markets empty. At least that was in the news a few years ago