January 2, 2009

Oddly, Plummeting Milk Prices Doesn't Result In Plummeting Formula Prices

There's apparently a milk glut on, thanks to the depression, and growing stockpiles of powdered milk:

The price of powdered skim milk, used in infant formula, dairy products and processed foods, has fallen to roughly 80 cents a pound today from about $2.20 in mid-2007. Other dairy products have declined as well. Whole milk at grocers has not declined as rapidly as wholesale powdered milk, but it has dropped to $3.67 a gallon, down nearly 6 percent from the peak.
Funny how despite a 60% drop in the price of materials, formula prices haven't dropped a bit.

As Recession Deepens, So Does Milk Surplus [nyt]

1 Comment

Well they have to account for the rise in the price of melamine somehow. ;)

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