Sri Lanka
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Local milk powder prices increased by Rs.125

by Administrator

Milk powder

Milk powder companies in Sri Lanka have decided to increase the prices of local milk powder.

According to milk powder companies, this price hike is due to the introduction of the Social Security Contribution Tax and the high cost of ingredients.

Accordingly, the 400g packet of Pelawatta milk powder has now been increased by Rs.125.

Meanwhile, Renuka Perera, the Chairman of MILCO Ltd., has stated that the prices of their milk powder packets will be raised soon but no decision has been taken yet to announce the prices, but discussions are underway.

“All milk powder manufacturing companies have been affected by the high cost of ingredients and by the Social Security Contribution Tax. “We have come to an unbearable situation,” he said.

So all the MILCO dairy products, including milk powder packets, will be increased soon.