Cabinet has yesterday (12) approved a
prosposal submitted by the Minister of Agriculture P.Harrison to implement a price formula for imported Milk Powder .
The proposal had submitted accordance to the recommendation of the committee appointed to look in to the prices of imported milk powder. It is due to be implemented through Consumer Affairs Authority.Milk Powder companies importing Milk Powder had earlier requested permission from government to increase the price of their Milk Powder.
As government has not allowed the companies to increase the Milk powder prices, Imported Milk powder companies have decided not to clear the imported milk powder stocks from Colombo Harbour .As a result a milk powder shortage has been created in the country during last few days .
In Accordance with the price formula prices of imported milk powder will be decided based on the international Market prices.
The proposal had submitted accordance to the recommendation of the committee appointed to look in to the prices of imported milk powder. It is due to be implemented through Consumer Affairs Authority.Milk Powder companies importing Milk Powder had earlier requested permission from government to increase the price of their Milk Powder.
As government has not allowed the companies to increase the Milk powder prices, Imported Milk powder companies have decided not to clear the imported milk powder stocks from Colombo Harbour .As a result a milk powder shortage has been created in the country during last few days .
In Accordance with the price formula prices of imported milk powder will be decided based on the international Market prices.
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