Various milk brands such as Friesland Campina Vietnam, Dumex, Nestlé and XO have raised prices on their milk products by 4-15 percent in September, giving as yet no clear explanation for doing so.
|Parents rushed to panic buying in stores after news spread of rise of milk products. (Photo: sggp)|
Brands like Friso, Friso Gold and Friso Gold Mum by Friesland Campina Vietnam and Dutch Lady have added from VND5, 400-81,000 on their milk products.
Companies have not yet justified the price hike nor have they offered more information by way of price lists or announced the hike on any public media or their website. They only sent their new revised price lists to retailers and distributors.
Consumers are unable to understand the hike and milk depots have failed to provide any information.
Nonetheless, milk producers and importers will attribute all kinds of reasons for this rise of milk prices such as higher exchange rates, increased input costs, expenditure on upgrading products, added nutritional content, etc, if the press or people query for more information.
When news spread on the increase of milk prices, parents rushed to purchase milk, fearing dairy products may go out of stock at the old price.