The State Ministry of Consumer Protection has reportedly agreed to increase the price of imported milk powder, following a discussion held between Subject Minister Lasantha Alagiyawanna and the milk powder importers yesterday (18).
Speaking at the discussion, the importers have demanded an increase of Rs. 350 per kilo of milk powder. The Minister, however, has agreed to soar the price only by Rs. 200. This has been agreed to by the milk importers as well, reports added.
Accordingly, the price of 01 kilo of milk powder, which is currently sold for Rs. 945 in the market, will be soared up to Rs. 1145. The price of a 400 g packet of milk powder will soar from Rs. 380 to Rs. 458.
Milk powder importers are of the view that the problem is due to the rapid surge in the value of the US Dollar in the market. Despite the sell price of a US Dollar being Rs. 203, the importers are compelled to pay Rs. 238 in the market, they revealed.
In the backdrop, the importation of milk powder may be carried out at a significant loss despite the Rs. 200 increase, they grieved.
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