Imported milk product businesses have officially implemented new price lists after an announcement on price increases earlier this month, according to milk outlets in HCM City.
HCM CITY —
Accordingly, five products of the Japanese Meiji brand increased 10-15 per cent, while Korean Angelac and Angel Grow's seven items saw a 15-per-cent rise, from VND190,000 to 220,000 per 400-gram tin box of milk powder.
Liquid milk products imported from New Zealand, Australia and France posted prices at VND49,000-51,000 per litre, up 7-8 per cent.
The market has seen a sharp decline in purchasing power in high-class milk product lines due to budget saving decisions of housewives. Some people shifted to using domestic products that are 15-25 per cent cheaper.-VNS