Be Prepared for a Milk Price Hike
Milk formula producers will definitely raise sale prices. Market share loss is what they fear.
June 15, 2004
THE rupiah depreciation against the US dollar since May has reaped its pain. Prices of goods, particularly consumer products, are expected to soar next month. At least, milk formula producers have indicated this trend since the rupiah went beyond Rp9,000 per US dollar mark. Until Friday, the rupiah exchange rate against the dollar remained as weak as Rp9,390.
Chairman of the Infant Formula Producers Association, Victor S. Ringoringo, has ma
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