April 14, 2008
Bright Dairy raises milk prices by 14 percent
Bright Dairy informed on April 10 that it would increase its milk prices by approximately 14 percent in Beijing supermarkets.
The hike will be effective on April 20, the company said.
Bright Dairy attributed the price hike to pricier raw milk and raw materials. China's National Development and Reform Commission approved of the price increase.