As per Bank of China's exchange rate bulletin, we noticed that USD to RMB exchange rate rush to 6.88 from 6.95 on 30th Dec 2022.
So what is the influence on such sharpe change?
We learned that there is not much RMB price difference in non dairy creamer raw material market. Therefore RMB quotation will keep same. Considering USD exchange rate going down in future and bank forward exchange rate is much lower than current price, thus, USD price will increase accordingly.
If the buyers can pay RMB(CNY) from its countries for non dairy creamer, dealing with RMB(CNY) price will be good choice.