Ministry issues circular on management of milk prices

12:00 | 20/07/2017

The Ministry of Industry and Trade has issued a circular on registering and declaring prices of milk and supplement products for children under six.

The Ministry of Industry and Trade has issued a new circular on

milk and supplement products for children under six.

Under the circular, retail prices for these products must be listed and cannot exceed the prices that are registered with relevant State agencies.

The registered prices are the basis for State agencies managing prices and for enterprises that must announce them to customers.

Producers and importers of milk and supplement products must register the prices of their products with State agencies according to existing regulations during the period when the State implements price stabilisation.

State agencies have recommended that producers and importers register their prices at suitable rates keeping the geographic area in mind.

The circular stipulates that the Ministry of Industry and Trade will publish a list of traders who register prices. The ministry will check this list to make adjustments annually on July 1 or on an ad hoc basis.

The provincial people’s committees will announce the list of qualified traders in their localities on July 1 each year or in unexpected cases.

Traders producing and importing dairy products will register recommended retail prices and inform the registered retail prices to distributors of their products.

Source VNA