Benna Announces 15c Price Increase On Fresh Local Milk
Malta Dairy Products Ltd. has just announced that, effective Friday 22nd December, local fresh milk produced by Benna is set to increase by 15 cents.
Explaining the decision, the company said the price adjustments are being done to reflect the current significant increases in production and operational costs.
“Over the past five years, Malta Dairy Products has been dedicated to maintaining stable prices for its fresh milk products despite facing escalating costs in supplies, raw materials, and services,” it said in a statement this morning.
“This commitment was made amidst challenges posed by economic fluctuations, as the company absorbed mounting expenses to prevent their direct impact on the selling price.”
“However, despite implementing various cost-saving measures, such as streamlining operations and optimising production processes, the significant increase in input costs has not been fully offset.”
“The sustained rise in production and operational costs has reached an unsustainable point for the company’s operations. After careful consideration, Malta Dairy Products finds it imperative to adjust prices accordingly to ensure the company’s sustainability while securing a favourable future for local farmers and its workers.”
The adjustment in prices of fresh milk will be as follows:
The prices above are the ones being recommend Malta Dairy Products Ltd. as a consumer price for all its products. It is up to every retail outlet to decide on the selling price of its products.
What do you make of these price adjustments?
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