Milk prices to rise by up to 10%

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Hanoi Times English - 43 month(s) ago 12 readings

Milk prices to rise by up to 10%

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.

KTDT

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