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Milk powder prices in Fuzhou drop thanks to antitrust measures
Updated: 2013-07-17

Some milk power companies have been lowering their prices in Fuzhou supermarkets by anywhere from 3 to 20 percent, since last week, after an antitrust investigation of several producers was carried out by China’s National Development and Reform Commission (NDRC).

Wyeth Nutrition’s prices fell 11 percent last week, followed by price adjustments of infant milk suppliers such as Abbott Laboratories, Biostime, Beingmate, and Meiji, in supermarkets in the city of Fuzhou, Fujian province.

Online prices of Wyeth and Abbott milk powder fell too, followed by a price reduction of Frisco’s products at its Taobao online shop. A can of first-stage milk powder (900 grams), previously priced at 261 yuan ($42.3), is now going for 248 yuan, while a can of second-stage milk powder (900 grams) went from 236 yuan a few days ago, to 224 yuan.

Five foreign infant formula companies - Nestle, Abbott Labs, Mead Johnson Nutrition, Danone's Dumex, and Wyeth Nutrition - are under investigation by the NDRC for possible price-fixing and anticompetitive practices, the Beijing Times reported, on July 2.

Edited by Roger Bradshaw