Dairy companies say input prices up

Dairy firms said on July 21 that the price of full cream milk powder for August delivery surged US$300 a ton, or 14 percent, to $2,400.

Dairy product prices are expected to climb again in Vietnam at the end of this year after the Ministry of Finance sent a dispatch this week to the Ministries of Agriculture and Rural Development and Industry and Trade and the Vietnam Standard and Consumers Association seeking approval for increase dairy import tariffs to 5-7 percent.

But Tran Huu Duc, public relations director of Nutifood, told Sai Gon Giai Phong his company would not hike prices this year.

Vinamilk and Dutch Lady Vietnam had also promised not to put up prices before October.

By L.M.Thi – Translated by Thuy Doan

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