The Hanoitimes - Milk distributors have received notice from some dairy manufacturers that prices will rise 3-10 percent on January 1.
Hancofood will hike the price of its Dollac Pro baby formula from VND179,000 (US$9) for a 900 gram carton to VND184,370, and its Dollac full cream milk from VND121,800 to VND184,370.
Friesland Campina Vietnam’s 12-liter sterilized milk carton will cost VND258,000, while a box of 48 small fresh milk cartons will cost VND240,000.
Dutch Lady’s sweetened condensed milk will go up to VND21,000 per carton, and Dutch Lady drinking yogurt to VND3,500 – 5,500, depending on the flavor.
Some other milk producers have already hiked the prices of liquid and sweetened condensed milk.
The industry has blamed the price hikes on rising input costs and exchange rate fluctuations but distributors believe it is merely to boost this year’s revenues since announcing a hike will induce many of them to stock up at old prices.