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In July, Jushi Group will be increasing their global prices, in response to inflation and appreciation of the Chinese Yuan (RMB).
Daniel He, Vice President of Sales announced a global price increase of 10% to 14% on July 1, 2011.
“2010 was a semi-recovery year for most regions of the world, unfortunately second half of 2010 was also hit by global inflations, which continued and worsened into 2011”, said Joe Peng, newly appointed Foreign Sales Director of Jushi Group. “It is regrettable, but in order for Jushi Group to keep the global market well supplied at such large volume and maintain the same high quality, it becomes necessary to recuperate added costs from inflation, plus RMB’s continuous appreciation”.
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