date:Jul 19, 2013
ndustry researcher with CIConsulting, says the high price of foreign brands has worked to the advantage of domestic milk powder producers in second- and third-tier cities where the average income is lower than in first-tier cities. If the prices of infant formulas produced by foreign brands drop (foreign companies have responded to the anti-trust probe by lowering prices by up to 20 percent) and domestic brands cannot win back the trust of consumers, the market share of foreign brands, which is