The price of 400 gram packet of full cream milk powder has been increased by Rs.20 with effect from midnight today, the Industry and Commerce Ministry said.
It said the decision was taken after the Cost of Living Committee recommended to the Consumer Affairs Authority (CAA) the price increase on a 400 gram packet of full cream milk powder by Rs.20 and a kilo by Rs.50.
The price increase will apply to full cream milk powder manufactured locally and internationally.
Milk powder importers had recently requested for an increase of Rs.100 on a kilo of imported milk powder to off set importer costs.
However, the proposal was rejected by the CAA and the Cost of Living Committee on the basis that the move was badly timed.
Importers had then requested a price increase of Rs.75 but that was turned down.
Milk powder importers claimed that the cost of one metric ton of milk powder in the world market was between US$3,250 and US$3,350 and could fluctuate between US$3,400 and US$3,500 by June.
It was against this backdrop, that the importers had requested for a price increase from the Consumer Affairs Authority (CAA) and the Cost of Living Committee. Importers have informed the Prime Minister on the possibility milk powder imports coming to a standstill.
The importers said milk powder stocks in the local market were sufficient only for the next two or three weeks. (Chaturanga Samarawickrama)
Video by Susantha
Comments - 11
ANTON Friday, 04 May 2018 11:26 AM
THAVATH VARAK ....... MATA KUKKUN BONNATA..... LABUNOTH MAMA BONAVAAA...........
milk man Friday, 04 May 2018 06:58 PM
Only country in this part of the world sell milk POWDER, not fresh milk. Fresh milk will also encourage small time for employment opportunities,
BV Friday, 04 May 2018 01:18 PM
Request was for an increase of Rs100/=per Kilo grant is Rd50/=could be considered reasonable .
GM Friday, 04 May 2018 02:01 PM
What if their real requirement is just 20-?
consumer Friday, 04 May 2018 02:40 PM
Are you a seller or buyer
Harini Friday, 04 May 2018 02:48 PM
Wait...the "Cost of Living Committee" didn't get the memo on the purpose of their appointment? Dear sirs, it was to REDUCE the cost of living, not increase it! Did the someone tell you Sri Lankans were doing so well that we had so much money and nothing to spend it on and to go ahead and increase the prices of fuel, gas, potatoes, onions, milk powder? Anything else you want to do us to help us increase our cost of living, gentlemen? Good thing most people don't understand that Per Capita income is not adjusted to purchasing power parity and inflation! Keep us all fools and rid our children of full fat milk as well - we already have an enviable global statistic of having one of the highest rates of malnourishment in the world. The mothers of this country will rise up against you soon. Watch and see.
sss Friday, 04 May 2018 03:17 PM
malnutrition will go up by another notch up to 30%. No future for a population with such high malnutrition. Japan knew it well after the WWII disaster. That is what caring leaders do
Tax payer Friday, 04 May 2018 04:39 PM
Will you announce world milk powder price say in January and now to see the increase. CWE import milk powder at what price for packing Lakspray.
Cobra Friday, 04 May 2018 06:30 PM
No PS elections for sure!!!!
bodhinath Friday, 04 May 2018 07:22 PM
Can someone please tell why locally manufactured milk price has also been increased?
concern Friday, 04 May 2018 08:36 PM
Certainly.To import new vehicles for the new appointees
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