CHATURANGA PRADEEP SAMARAWICKRAMA 
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Maliban milk powder prices increased
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The price of a 400 gramme packet of Maliban milk powder has been increased by Rs. 70 while the price of a 1 kg. packet has gone up by Rs. 185 from last Friday, the Maliban milk powder company said.Accordingly the new price of a 400 gramme packet would be Rs. 395 while a one kg packet would be Rs.995.
Company Chief Executive Laksman Weerasuriya said world market prices of one metric tonne of milk powder produced purely from milk has been increased from US$ 3,680 to 5,360.
He said although a request was made to the Consumer Affairs Authority in April last year seeking an increase, it did not receive any response. Therefore, he said since 30 days had elapsed without any response since the request was made, the company used the legal provision to increase the prices on its own.
He said the company had suffered a loss of Rs. 300 million during the past one and a half months since milk powder prices were not increased.
Meanwhile, Consumer Affairs Authority head Rumy Marzook said that legal action would be taken against the Maliban milk powder company for increasing the price without obtaining proper approval from the CAA. (Mahinda Nissanka)
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