Milk Powder prices to be increased ?

by Teena Marian 10-03-2022 | 10:53 AM

COLOMBO (News 1st); The Milk Powder Importers Association is considering to increase the price of 1kg of imported milk powder by Rs. 300/-.

A spokesperson for the association said the a 400g packet of milk powder will be increased by Rs. 120/-, if the decision goes ahead.

The Milk Powder Importers Association pointed out that the price of a ton of milk powder in the world market has risen to US $5,500.

They said that in such a situation there is NO other option but to increase the price of milk powder in the local market.

The Milk Powder Importers Association stated that the Ministry of Finance and the Ministry of Consumer Protection have been informed of the situation.

The State Minister for Consumer Protection Lasantha Alagiyawanna told News 1st that the control price for milk powder has been lifted.

However, he further stated that if the importers increase the price of milk powder unfairly, they will intervene to do justice to the consumer public.