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August 23, 2017

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Vice Premier Jiang orders gov't to monitor prices of milk, ice cream products

By Camaron Kao--Vice Premier and convener of a cross-departmental price stabilization committee Jiang Yi-huah (江宜樺) said yesterday that he will focus on milk and ice cream prices as they are the most likely to rise during summer.

The Council of Agriculture (COA) also stated yesterday that dairy factories have not adjusted milk prices, with hikes not expected unless there are increases in livestock feed costs.

Jiang urged the COA to monitor the dairy supply and keep costs associated with milk production stable. The council was also instructed to help dairy farmers decrease their use of imported feed.

The Ministry of Economic Affairs said officials have made inspection visits to producers, distributors and local business owners, and that ice cream prices are stable.

Producers and local businesses do not have any plans for price hikes and distributors are looking to promote sales by offering discounts, the officials said.

Data obtained by the price stabilization committee suggests that compared to March, prices of rice, poultry, soybean oil, milk, instant noodles, tissues, cleaning agents, shower gel, toothpastes, and toast increased slightly from June 1-20, while prices of flour, pork, soy sauce, and sugar decreased slightly. Milk powder prices remained the same.

Due to an ample supply of eggs, egg prices dropped significantly, and prices of shampoo dropped more than 5 percent because of promotional offers.

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