Like other places in the country, many kinds of powdered milk in Nha Trang market have lowered their prices under the Ministry of Finance's regulation...
Like other places in the country, many kinds of powdered milk in Nha Trang market have lowered their prices under the Ministry of Finance’s regulation.
According to the Ministry of Finance’s regulation, the decrease in the wholesale milk prices will be applied from June 1, while the the retail price cut will be no later than June 20. The products applied ceiling price are of five big dairy enterprises, namely the Vietnam Dairy Joint Stock Company (Vinamilk), 3A Nutrition (Vietnam) Ltd Company, Nestle Vietnam Ltd Company, Friesland Campina Vietnam Ltd Company and Mead Johnson Nutrition (Vietnam) Ltd Company. Some of the products are Dielac Alpha, Friso Gold, Frisolac Gold, Enfamil, Enfagrow A+, Similac, Lactogen and others.
The latest survey in Nha Trang market showed that prices of many milk products in supermarkets and some stores have decreased. For example, Co.opmart Nha Trang has applied new prices for 100 powdered milk products of 5 suppliers. Of the sum, 32 are of Vinamilk; 30 are of Dutch Lady, 13 of Abbott; and 28 of Mead Johnson. “The decrease fluctuates from 1% to 15%/can. Products of Mead Johnson have the biggest cut”, said Vo Phi Hai, an official of the supermarket.
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Khuat Quang Hung, marketing & communication manager of Metro Cash & Carry Vietnam, affirmed, “Metro has adjusted selling prices of all 25 milk products applied ceiling by the Ministry of Finance. The reduction is 5% - 10%/product. To other milk products, the supermarket is dealing with suppliers for better prices.”
According to some agents in Nha Trang, all milk firms have cut their prices up to over VND100,000/can. A distributor of Vinamilk in Le Thanh Ton Street, Nha Trang said, “Our store has applied new prices for 49 products for children under 6 years old according to the list price of Vinamilk. The products enjoy VND2,000 – VND46,000 cut.”
Purchase power of milk products at supermarkets for children under 6 have risen by 10% - 50% over the same period last month. Powdered milk of Vinamilk and Dutch Lady are best sellers.
Consumers feel very happy as the milk prices have gone down. A woman named Ngo Thanh Thi Tuyet Trinh living Tan Lap Ward, shared, “I’ve just bought two cans of milk for my children. Their price is VND100,000 lower than before. Mothers have temporarily escaped from the worry about the continuous rise of milk price like before.”
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