Dutch Lady Milk Industries Bhd foresees the price of dairy raw materials, such as milk, increasing by between 10 and 20 per cent from the US$2,000 per tonne currently due to an increase in demand.
"Raw material cost has started to increase again, mainly due to a change in buying behaviour. China is purchasing a lot of raw milk powder in line with the country's economic growth," its managing director Hans Laarakker said.
"The volatility in prices is worrying," he added.
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