Importers to announce price increase on imported milk powder on Monday

8 October 2021 05:05 pm - 8 - {{hitsCtrl.values.hits}}

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The decision on increasing the prices of the imported milk powder will be announced on Monday (11), the Milk Powder Importers said.

A spokesman for the importers told the Daily Mirror that they had received US$ 1.1 million to clear their containers stranded at the Colombo Port. There are 16 milk powder containers to be released from the port on Monday. The cleared consignment of milk powder will be released to the market by Wednesday (13).

However, the importers said that they are considering increasing the 1 kg of imported milk powder pouch between Rs.250 and Rs.300.

In the earlier discussions with the government and Consumer Affairs Authority (CAA), it had come to a conclusion that the milk powder importers would increase the price of 1 kg of imported milk powder by Rs.200 and the 400 gram milk powder packet by Rs.80.

However, the importers requested a Rs.350 price hike of a 1 kg milk powder pouch as the global market prices and the shipping costs have increased and due to the depreciation of the Sri Lankan Rupee (LKR) against the US dollar, milk powder importers have repeatedly requested for a price revision.

Later, considering the financial losses incurred by the importers, they decided to suspend their imports. (Chaturanga Samarawickrama)

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Comments - 8

Lion Friday, 08 October 2021 05:25 PM

What a sad situation, Increase seem to be unbearable for families with less income, that means around 80% of the population.

Samson Friday, 08 October 2021 06:04 PM

Good, not the govt but you take decisions on consumer items.

Dee Friday, 08 October 2021 06:05 PM

Wow! Importers to announce. ?

gayan Friday, 08 October 2021 06:32 PM

containers stranded at the Colombo Port means people should avoid buying any imported milk powder as the items may be unusable.

Kukku Saturday, 09 October 2021 06:42 AM

With the blessings of the Govt!!!

Ranjan Saturday, 09 October 2021 08:07 AM

Don't forget the 10% tik tok.

Terrence Saturday, 09 October 2021 10:22 AM

Bandu in hiding as the importers are playing Pandu

dickie bird Saturday, 09 October 2021 11:29 AM

Very good. let them jack up prices. Y do we want branded artificial Imported Milk Powder? Its no substitute to Mother's

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Importers to announce price increase on imported milk powder on Monday

Comments - 8

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