date:Dec 21, 2012
Chinese dairy producer, Bright Dairy Food Co Ltd, said on Monday night it will increase prices of their dairy products because of rising raw material costs.
From Dec 18, prices on some fresh milk and yogurt products will be increased by 5 percent due to the rising cost of raw materials, Bright said in a statement filed to the Shanghai Stock Exchange.
Last month, the dairy giant announced its acquisition of Weetabix Ltd. Bright Dairy paid about 700 million pounds ($1.134 million) for the deal,