Imported formula milk sees price hike

BEIJING - The price of imported infant formula milk continues to surge, putting pressure on families.

In the past two week, the price of a 900 gram container of ABT Formula I milk powder in Beijing has risen to 261 yuan ($40) from 236 yuan. The increase of almost 10 percent was followed by price hikes for the company's Formula II and III milk.

Meanwhile, the price of newly packaged Wyeth Gold infant formula milk has also risen by 10 percent.