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Milk prices on the rise
The Vinamilk Corporation has increased the retail price of its milk, powdered milk and yoghurt by 8 percent as of February 23.
Its Ong Tho (Longevity) condensed milk now priced at VND797,280 per case (VND16,610 per can) while Flex fresh milk is VND231,000 per case.
The 400gr can of Alpha powdered milk (Step 1, Step 2, Step 3 and Step 123) jumped by VND4,000 while the 900gr can rose by VND8,000.
Some retailers say Vinamilk has raised the prices of more than 20 products. Other milk companies already increased their prices by 10-15 percent a month ago.
The Ministry of Industry and Trade reports that despite these retail price hikes, the wholesale price of milk has remained stable or even slightly decreased. Some diary men in Tan Thach Dong commune, Cu Chi districts have been selling their raw milk to distributors at just VND5,000-7,000 a kilo for more than 3 years.
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