Price cap for infant milk powder

7 March 2012 11:12 am - 9     - {{hitsCtrl.values.hits}}

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Trade Minister Johnston Fernando has instructed the Consumer Affairs Authority to introduce a price cap for infant milk powder soon, trade ministry sources said.
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  Comments - 9

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  • anti-jilmart Wednesday, 07 March 2012 05:24 PM

    mr minister, look at the price gap before you talk of price tap. It seems you are yet another card player.

    Dismanirie Thursday, 08 March 2012 07:23 AM

    How difficult is it to set a maximum margin of profit on a product? Infant milk powders vary according to the fat content and nutritional additives they contain. To place a simple retail price cap on something which is so variable is naive and simplistic.

    Fixing price caps on any group of products is a recipe for a market devoid of quality and choice. Maybe that's what the Minister is aiming for, as long as he is not affected...

    Free Trader Thursday, 08 March 2012 03:27 AM

    What a dumb idea. Now supply will reduce and the quality will drop. Only South Asian ministers think that the answer to every problem is regulation that stifles market forces. Moves like this may win short term kudos but will eventually make this administration unpopular.

    mw Wednesday, 07 March 2012 12:30 PM

    lol, traders will not sell at a loss.
    If there are more profitable products to trade on, traders will simply move money there - and not buy new stock.
    Doesn't the very Honerable minister know this?
    Of course, he couldn't give two cents about the people - else, will he waste taxpayers money with his adventures?

    Leslie Wednesday, 07 March 2012 12:49 PM

    Wait, wait the price cap inclusive of the price increase is around the corner.

    Calistus Jayatilleke Wednesday, 07 March 2012 01:20 PM

    After heaping one burden after another on the poor consumers, when it comes to milk food prices, the Minister is playing the sympathy card. Does he expect importers and traders to sell products at a loss when the government corporations such as CPC, CEB etc. make unconscionable profits.

    Calistus Jayatilleke Wednesday, 07 March 2012 01:21 PM

    One would tend to ask the Hon. Minister what happened to the free glass of milk for school kids promised under the Chinthanaya.

    Leslie Thursday, 08 March 2012 05:13 AM

    'Free Trader', this administration is already unpopular in every sphere. Capping or uncapping Milk prices is not going to make any change.

    sltk2004 Wednesday, 07 March 2012 02:17 PM

    If the minister feels that milk powder is available at a more reasonable price in the world market, why can't he get some government agency import them and sell and a lower price?


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