Dairy market is not calm before New Year’s Day, a new round of domestic milk prices surge enterprise is an indisputable fact.
Reporters from the China Economic Times visited many supermarkets to find out that from December 1 Bright Group and Sanyuan Group fresh milk price increase by approximately 10%.

Relevant people from Bight Group said to the reporter , “From December 1 , Bright Dairy milk and yogurt products in four categories have price adjustment , but different strains of products and different regions the price vary, but the price adjustment was about 8% -9 % in the whole . ”

The person also said that continued rise milk price is the fundamental reason for the price adjustment this time. In addition to the logistics, transport, labor costs and high dairy costs, etc. are also reasons for the price adjustment, “I believe the reason for this is an industry problem, not just Bright group be front with.” The person said.

Relevant people from Yili Group said to the reporter, “consumer products are most sensitive to raw materials, the raw milk prices soar will inevitably push up the price of the milk products. The entire dairy industry must face up to this situation; similarly companies also need to adjust product prices to cope with this situation. ”

It is known that in 2013 dairy prices rise frequently, statistics shows that Mengniu and Yili group adjusted three times in August, September and November respectively, while Bright group adjusted twice.

Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email michael@boddingtonconsulting.com

 http://www.tech-food.com/news/2013-12-6/n1052805.htm