Fierce battle in dairy market anticipatedVietNamNet Bridge - The dairy market is expected to become hot as more free trade agreements (FTAs) take effect, bringing more foreign producers to the Vietnamese market. The dairy market is expected to become hot as more free trade agreements (FTAs) take effect, bringing more foreign producers to the Vietnamese market. Analysts say powdered milk is now a playing field for foreign producers, who hold 70 percent of the market share. The production cost of dairy products in Vietnam is $1.4 per liter, which is higher than $1.2 per liter in New Zealand and Australia. Most dairy producers now develop farming to take initiative in the material supply.However, dairy producers have been warned about risks with their current farming model.

Source: VietNamNet News September 14, 2016 09:00 UTC