MILK POWDER PRICE HIKE: WORLD MARKET PRICES UP: JOHNSTON

June 20, 2010: The Minister of Co-Operatives and Internal Trade, Johnston Fernando announced that the price of milk powder had been increased with effect from midnight yesterday.

This was announced at a media briefing held yesterday.

“The price of milk powder has increased in the world market. Companies have been requesting for an increase in prices since March. After closely studying the situation we agreed to increase the price of a 400g milk powder packet by Rs.19 while we have granted permission for the price of one kilogram pack of milk powder to increase by Rs. 48.

This will come into effect from midnight,” he said.

Moreover, answering a question the minister said that milk powder which is already in the market should be sold at the same price.

Newsfirst.lk

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