what has the EU/UK exit got to do with demand for A2M product.
my understanding is our weet-bix which retails in supermarkets for $5 (1.4kg) is selling in China for $50
The humble Australian breakfast favourite, Weet-Bix, is being snapped up by Chinese buyers for a staggering $50 a box.
Yes, you read that correctly.
According to reports China is the biggest export market for the cereal, and is currently facing a nation-wide shortage.
The Chinese hunger for Weet-Bix comes after the baby formula scandal which also saw nation-wide shortages, prompting the government to halt the product from illegally leaving the county.
The demand for Weet-Bix is so high, that savvy-sellers are capitalising on China’s appetite for the cereal, by selling it on website Yoycart, for as much as $50 a box (1.4kg).
Meanwhile, 1kg boxes are going at a hefty price of $37.
A remarkable mark-up considering a 1.2kg box sells for just $4.50 at Woolworths while a 1.4kg box can be picked up for just $5 at Coles.
The sellers on Yoycart have described the cereal as “Advance Australia Weet-Bix sugar cooked ready to eat cereal” and an “Ode to joy with breakfast”.
It is understood Australian shoppers are buying the product in bulk, with some reports claiming a Melbourne customer was seen using the self-serve check-out to by an entire trolley worth.
China is the world’s largest consumer market for food and beverages.
- Forums
- ASX - By Stock
- A2M
- gfc mark 2
gfc mark 2, page-12
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$5.65 |
Change
-0.090(1.57%) |
Mkt cap ! $4.084B |
Open | High | Low | Value | Volume |
$5.82 | $5.85 | $5.60 | $19.52M | 3.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3719 | $5.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.66 | 14100 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3719 | 5.650 |
6 | 14769 | 5.640 |
2 | 5050 | 5.630 |
5 | 27312 | 5.620 |
9 | 67831 | 5.610 |
Price($) | Vol. | No. |
---|---|---|
5.660 | 14100 | 2 |
5.670 | 2841 | 1 |
5.680 | 8786 | 3 |
5.690 | 8169 | 2 |
5.700 | 90146 | 7 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |