Imported milk powder price increased from today

Colombo, May 20 (Daily Mirror) - The Milk Powder Importers’ Association has announced a revision in the prices of imported milk powder, citing prevailing market conditions and exchange rate fluctuations.

Accordingly, the price of a 400g milk powder packet will increase by Rs. 50, while a 1kg packet will go up by Rs. 125, the association said.

The revised prices are set to come into effect from today (20).

However, the association clarified that imported milk powder currently available in the market will not see any price change. It added that new stocks will be released to the market at the revised rates within the next week.