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Wednesday, July 28, 2021

Trade Minister rebuffs demand for price hike for milk powder

rade Minister Bandula Gunawardana yesterday ruled out the possibility to grant approval for a price hike of imported milk powder because it would add to the burden of people battered by the pandemic.

Earlier, the leading milk powder importers insisted on a price hike of Rs. 350 for a one kilo packet due to the spike in the world market and the exchange cost due to the depreciation of the rupee. They also warned of a possible shortage of products in the local market unless a price increase was allowed.

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