Price+formula+for+milk+powder+too
Thursday, 24 January 2019 - 14:07
Price formula for milk powder too
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The government has taken steps to introduce a price formula for milk powder .

A consensus regarding this was reached at a recent discussion held by the representatives milk powder producing companies,  from the consumer affairs authority, finance ministry, and ministry of industry and trade affairs .

Two months ago the companies had requested that the consumer affairs authority increase the price of milk power since pricing in the world market had inceased, corresponding to the value of the dollar increasing.

However the consumer affairs authority said that it was not necessary, but instead suggested that the 107-rupee tax charged per kilogramme of milk powder levied by the government be decreased.

Accordingly, a spokeswoman from the ministry of Industry and Trade Affairs said that the ministry along with milk powder producing companies will work towards developing a price formula that would be used in the future.

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