The dairy industry in Vietnam is under the pressure of record high input material prices
Dairy
Vietnam
Published Jul 27, 2022
Tridge summary
In the first 6 months of the year, the price of dairy ingredients in Europe has twice set new peaks to 5,100 euros a tonne and in South America to 4,300 dollars a ton. Compared to the same period last year, this year Vietnam boosted the import of raw milk from the US. New Zealand - the former main source of imports - fell due to lower output as the impact of Covid-19 left the country with a labor shortage. This makes the input material prices of domestic enterprises even higher. Under the pressure of input material prices, many domestic dairy products have changed their prices. A survey by VnExpress showed that domestic and imported yogurt, liquid milk, and powdered milk all increased by 5-10% in the first 6 months of the year. Ms. Hanh in District 3 (HCMC), said she was "shocked" when the prices of many imported dairy products increased. In particular, the group of hand-carried goods increased sharply. "Australia's organic milk line has increased by 10% a week, sometimes even out of stock," Hanh said. Similarly, Ms. Minh Anh in District 5 said that not only powdered milk but liquid milk also increased in price.
Original content
In the first 6 months of the year, the price of dairy ingredients in Europe has twice set new peaks to 5,100 euros a tonne and in South America to 4,300 dollars a ton. Compared to the same period last year, this year Vietnam boosted the import of raw milk from the US. New Zealand - the former main source of imports - fell due to lower output as the impact of Covid-19 left the country with a labor shortage. This makes the input material prices of domestic enterprises even higher. Under the pressure of input material prices, many domestic dairy products have changed their prices. A survey by VnExpress showed that domestic and imported yogurt, liquid milk, and powdered milk all increased by 5-10% in the first 6 months of the year. Ms. Hanh in District 3 (HCMC), said she was "shocked" when the prices of many imported dairy products increased. In particular, the group of hand-carried goods increased sharply. "Australia's organic milk line has increased by up to 10% a week, sometimes ...
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