Milk powder importers say no price change in milk powder till May 23

Date:

By: Staff Writer

Colombo (LNW): Despite the decision to slash the price of milk powder by Rs. 200 per kilo with effect from May 15, the existing price will remain till May 23, as there is a delay in shipments, announced the Milk Powder Importers Association.

Accordingly, with the new shipments, the price reduced milk powder packs will be distributed from May 23, said Union member Prof. Lakshman Weerasuriya.

Earlier, a decision was taken to slash the prices of imported milk powder by Rs. 200 per kilo following discussions between Trade Minister Nalin Fernando and milk powder importers.

Share post:

spot_imgspot_img

Popular

More like this
Related

Government Probes into Rapid Expansion of Unregulated Co-operative Banks

Financial institutions mushrooming in the island without a proper oversight as...

Sri Lanka Launches Bold Crackdown to Recover Stolen Wealth

In a sweeping move to confront decades of entrenched...

Guarantee Trap: Hidden Fiscal Risks Lurking in Sri Lanka’s Debt

Sri Lanka’s growing dependence on government guarantees has turned...

Sri Lanka’s Gem Glory Dimmed by US $1 Billion Black Market

The gem and jewellery industry in Sri Lanka long...