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Tuesday, 29 January 2019 - 15:20
Price of powdered milk likely to increase this week
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Powdered Milk companies state that they expect to increase the pricing of powered milk this week.

A senior officer at one of the leading powdered milk companies told our news team that this would be the first such revision after the introduction of the price formula.

In the world market , The price per metric ton has been reduced from  3350  to 3000 US dollars.

However, powdered milk companies have demanded an increase in price from  one hundred to one hundred twenty rupees per kilogram following the depreciation of the local rupee against the US dollar.

non-cabinet minister of general supplies and economic reforms, Dr Harsha de Silva said that discussions are still underway at ministry level with regards to  the demands being made by powdered milk companies.
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