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Thursday, 03 May 2018 - 9:31
No price increase for milk powder
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The Ministry of Industry and Commerce has decided not to permit to increase of milk powder price anymore.
 
However, a senior Ministry spokesperson said that further study was being carried out regarding the action that should be taken to prevent importers from falling into difficulties due to the price fluctuations in the world market.
 
While the price of a metric tonne of milk powder in the world market ranges between $ 3250 and 3350, reports say that there is a possibility that price would rise to $ 3400 and 3500 during the next 2 months.
 
Under these conditions, milk powder importing companies have submitted requests for at least Rs. 75 price increase.
 
Reports also say that if a price increase was not granted, the milk powder importers have decided to restrict imports.
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