Milk powder prices further stabilised
The Government will stabilise the price of milk powder stipulating
the maximum retail prices of Rs.275 (per 400g milk powder pack) for the
next three months commencing from today to November 1 aiming to provide
further relief to consumers.
Trade, Marketing Development, Co-operatives and Consumer Services
Minister Bandula Gunawardhana told the Daily News that the price
stability agreement was signed by the Consumer Affairs Authority(CAA)
and the Milk Powder Importers yesterday at the Ministry premises.
The Minister said that the Cost of Living and Food Preservation
Committee chained by President Mahinda Rajapaksa has recommended
stipulating of maximum retail price of milk powder with the objective of
providing relief to consumers.
The Minister said if any trader is engaged in selling a milk powder
pack (400g) higher than Rs.275 he will be brought before Court.
“The CAA stabilised the retail price of milk powder pack (400g) by
signing a price stability agreement with Milk Powder Importers on
November 2007 by stipulating the maximum retail price at Rs.275. There
was no price increase even by one rupee for last 10 months, “the
He said that the Government was removed all types of taxes on the
import of milk powder by imposing a single unit tax of Rs.5. The
Treasury has to incur a loss of Rs.86 per one kilo of imported milk
powder in order to provide relief to consumers.
The CAA will conduct raids across the country to nab errant traders.
Consumers can inform the details of unfair trading to the CAA hotline-