New Zealand milk powder tariff restored to 10% domestic manufacturers or substantial price adjustment

According to Voice of China’s “Yangguang News” report, nowadays, this foreign milk powder is generally favored by consumers in China. The reporter learned from the Jiangxi Trade Commission that the tariff of New Zealand milk powder has been restored from 5.8% to 10% since this month. New Zealand dairy products account for more than half of China’s total imports. What kind of price impact will this have on the milk powder market?

The reporter visited a number of baby products stores and supermarkets in Nanchang City in the past few days and discovered that the prices of imported milk powder from New Zealand, including Abbott and Wyeth, have not changed recently. However, according to the person in charge of these supermarkets, milk powder manufacturers will make substantial price adjustments from April. The specific increase has not yet been determined. In fact, last year, all imported milk powder brands almost universally increased prices by about 10%. At present, the price of imported brands of milk powder, 900 grams a barrel of standard equipment, the lowest are more than 200 yuan, the high has reached 470 yuan.

For the upcoming foreign milk powder prices, the majority of consumers still said they could accept, especially parents of infant formula milk powder almost all said they would not replace the product. Parent Ms. Huang bluntly said that she still felt that foreign brands were more comfortable. The reporter learned from the Jiangxi Trade and Industry Committee that the current price of imported New Zealand milk powder is 31, 000 yuan per ton, which is almost the same as the price of domestically produced milk powder. Excluding tariffs and shipping charges, the high price of “foreign milk powder” still has huge profit margins. Therefore, compared with the increase of tariffs, the rising domestic market demand has become an opportunity for them to adjust their prices. Experts believe that the arrival of the peak of the birth of the dragon in the year, the market demand is strong, does not rule out the foreign milk powder will continue to increase prices.