Livestock and agricultural information company China Modern Agriculture Inc. announced that it negotiated a sales price increase of 13.33% on its raw milk product, which the company says will raise raw milk prices by 0.3 Yuan per kilogram, resulting in a sales price of 2.25 Yuan per kilogram. The company estimates that the price increase will raise its net profit for the fourth quarter of 2011 to $500,000.
Livestock and agricultural information company China Modern Agriculture Inc. announced that it negotiated a sales price increase of 13.33% on its raw milk product, which the company says will raise raw milk prices by 0.3 Yuan per kilogram, resulting in a sales price of 2.25 Yuan per kilogram.
The company estimates that the price increase will raise its net profit for the fourth quarter of 2011 to $500,000.
