Milk market marks new price hike Local dairy products on the local market entered another price hike a few days ago when owners of many stores adjusted their prices up by 5-7%. Particularly, a set of four Vinamilk fresh milk boxes is now sold at VND26,000, rising VND2,000 per set. Yogurt is priced at VND19,000 a four-box set, against the previous level of VND17,000. Meanwhile, a 900g can of the powder milk Dielac Anpha 123 is sold at VND174,000, marking up VND14,000 from the previous price. Vietnam Dairy Products Company (Vinamilk) intended to apply the new prices to its products from January 23, or the first day of Lunar New Year, but not until February 1 did retailers adjust prices up. Vinamilk explained the price of input dairy material has increased by 20% and other materials up 40-60%. In addition, the input costs of power and water as well as transport and fuel expenses have surged by 10-15% year-on-year. Therefore, the company has to raise prices to make up for production costs. As for other brands, Moc Chau milk is now sold at VND24,000 a set of four 180ml boxes, and TH True Milk is priced VND27,000 per set, both…
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