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Article: UNDERSUPPLIED RAW MATERIALS PUSH UP DAIRY PRODUCT PRICES

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AsiaInfo Services
Article date:
September 30, 2009
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AsiaInfo Services
09-30-2009
Undersupplied Raw Materials Push up Dairy Product Prices

SHENZHEN, Sep 30, 2009 (SinoCast Daily Business Beat via COMTEX) -- Stuck in a dilemma, Chinese dairy products makers are out of supply of raw materials at a time when dairy products prices are perking up. But just one month ago, they struggled to destock their inventory. That has made a strong case for the domestic players to kick off a new round of price hike.

Prices of the adult milk powder made by the Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE: 600887), the second largest dairy products maker in China, have jumped 15%, while those of WonderSun and ASHLY have marked up 20% and 15%, ...

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