Latest News:  


Details of price cuts for infant milk

By Ding Yining (Shanghai Daily)

08:10, July 09, 2013

Three baby formula makers have released details of their price cuts after the Chinese government started an anti-trust and price-fixing investigation.

Dumex Baby Food, a unit of French food group Danone, said in an e-mail statement yesterday that it will trim retail sale prices by 5-20 percent for its main products today.

Dumex added that the price cut will cover the full range of its products in China and it will maintain the lower prices over the next year.

The price cut came after Wyeth Nutrition's announcement last week to slash prices of its key products by an average of 11 percent, with the biggest price cut of 20 percent.

The anti-monopoly division at the National Development and Reform Commission last week "took notice" of initiatives taken by foreign baby formula manufacturers to cut prices.

Meanwhile, domestic milk powder maker Zhejiang Beingmate Technology Industry and Trade Co said in a stock exchange filing yesterday that it will cut the wholesale price for key products by 5-20 percent from tomorrow.

FrieslandCampina Trading (Shanghai) Co also said in a statement over the weekend that it would cut the price of its products by 5 percent from yesterday.

China launched the investigation as part of efforts to revitalize and consolidate the milk formula industry after a series of food safety scandals, especially the melamine-tainted milk outrage which broke out in 2008, hurt the industry's reputation and dented consumer confidence.

At an industry forum in late June, Gao Fu, an inspector at the consumer goods division of the Ministry of Industry and Information Technology, said China aims to create 10 large companies in the industry within two years, with each having an annual revenue of above 2 billion yuan (US$326 million).

China Securities Co researcher Huang Fusheng said in a report that even as domestic and overseas baby formula makers reduce prices, they will still benefit from the booming milk powder market.

We Recommend:

Chinese investors' happiness and sadness

Top 10 luxury villas of China in 2013

Soft gold -- gambiered Guangdong silk

China's 1st intelligent
high-speed train tested

Glamorous models pose at Shenyang auto show

Top 10 cities where home prices are set to soar

High-end singles party attracts swarm of girls

Beijing's taxicabs in 30 years

12th Int'l Automobile Industry Expo kicks off

Email|Print|Comments(Editor:GaoYinan、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. 5 Taliban fighters killed in army operations

  2. Afghan forces participate in operation against Taliban

  3. Boeing 777 plane from ROK crashes

  4. Underwater kissing competition

  5. Citizens beat heat in waterside leisure zone

  6. National cat tour competition in Harbin

  7. List of top ten Chinese noodles released

  8. Murray beats Djokovic to win Wimbledon title

  9. Central bank: Fake note can be identified

  10. Dreamliner to serve Beijing-Haikou route

Most Popular


  1. Hospitals should be city's priority
  2. Job seekers should be cautious abroad
  3. Comment: Lessons from Egyptian irony
  4. Thinking small begins to yield results
  5. Need for structural reform seen growing
  6. Time to set past differences by the wayside
  7. Netizens argue validity of top 10 Chinese noodles
  8. Chinese-Swiss FTA, a model for cooperation with EU
  9. Witnesses' account of Xinjiang terror attacks
  10. Culture facilities should be better managed: minister

What’s happening in China

Relatives of Chinese victims in Asiana jet crash head for U.S.

  1. Son of Chinese tenor charged with rape
  2. Parents of plane crash victims leave for U.S.
  3. Booming security industry needs skilled youth
  4. Convicted tycoon asks court for help
  5. Black lung sufferers receive govt damages