Request to increase milk powder prices

21 January 2011 03:30 pm

All milk powder companies have requested to increase their prices, Minister of Trade Johnston Fernando said today.

“All the milk powder companies have been appealing to increase their prices since October and the local companies like Maliban have appealed to the Government since they were making losses,” Minister Fernando said.

However he said that discussions are underway between the ministry and those milk powder companies with regard to their request. The Minister previously said that they had managed to, so far keep the milk powder prices from increasing despite the escalating prices of goods like coconut. (SR)