Foreign milk powder brands started another price hike
Foreign milk powder brands have started another round of price hikes and parents need to pay more for their babies in recent one or two months. Some brands including Dumex have sent out price adjustment notice that the average price may hike up by about 10%.
In fact, as early as in April and May, some foreign milk brands including Abbott, Meadjohnson, and Wyeth had raised their prices by 8% to 10%, which has been attributed to the rise of the cost of raw material. And the price hike this time in June is mainly due to the new packaging.
Journalist found when visiting some supermarkets in Shenzhen that the new packages of Dumex have been put on shelf and the prices have been raised by about 10% from the beginning of this month.
The price rise of raw material and change of packaging are the two main reasons of this price hike. “In recent years, both the prices of domestic and imported milk powder have raised a lot,” said relevant person from the supermarket.
The Chinese General Administration of Customs adjusted the tariff on imported milk powder in December, with tariff for New Zealand product raised by 5.8 percent to 10 percent.
It’s said the domestic prices of milk powder is two to three times higher than that produced in Holland, New Zealand and so on.
Shenzhen Post Elaine contributes to the story.
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