Milk prices skyrocket

[NewsWhore]

Listin Diario is reporting that over the last five days milk prices have skyrocketed, with hikes ranging between RD$4 and RD$149. Powdered, evaporated and condensed milks have all been affected by the price increases. Daniel Pena, president of the Santo Domingo Wholesalers Association, said that the price increases are abusive and affect the development of the poorer classes. Among the brands that have been subject to increases are Nido, Anchor, Kanny and Carnation. Nido 2,500g increased to RD$625 while Nido 1,800g increased to RD$600. Anchor 2,500g increased to RD$650 while Anchor 1,800g increased to RD$499. Kanny 2,500g increased to RD$595 while Kanny 1,800g increased to RD$521.95. The only brands that have maintained their prices are Listamilk RD$42.95, La Vaquita RD$34.95, Rica Lactose RD$49.95, and Extra Milk RD$56.95. The increase in powdered milk prices is due to the increase in the price of a metric ton of milk from US$2,400 to US$5,300 on the world market.

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