The Finance Ministry has ordered concerned agencies to take necessary steps to contain milk prices nationwide and punish those responsible for undue escalations.
Citing the higher dong/dollar exchange rate, dairy producers have unanimously raised prices of dairy products by 5-10 percent at the start of the new year. This goes directly against prior Government requests that dairy producers lower their prices and end unnecessary expenditures.
China executed a dairy farmer and a milk salesman Tuesday for their roles in the sale of contaminated baby formula — severe punishments that Beijing hopes will assuage public anger, reassure importers and put to rest one of the country's worst food safety crises.
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