COLOMBO (NewsRadio); Importers have agreed to reduce prices of milk powder once again. Accordingly, prices of imported milk powder are expected to come down from the 1st of May.
With effect from the 1st of April, the price of a 1kg packet of imported milk powder was reduced by Rs. 200, while the price of a 400g packet of milk powder was reduced by Rs. 80.
Meanwhile, during a discussion with Minister of Trade Nalin Fernando, importers have agreed to further slash the price of milk powder considering a number of factors including the strengthening of the Sri Lankan Rupee against the US Dollar.
Accordingly, an announcement regarding the price reduction is expected shortly.