Milk powder prices could go up further – Importers

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In a backdrop where the prices of essentials have drastically increased, milk powder importers claimed that the price of imported milk powder is likely to further increase within the next week.

They observed that there will be a hike in prices in line with the depreciation of the Sri Lankan rupee and the increasing price of milk powder in the global market.

Certain importers have also faced difficulties due to the dollar crisis and while stocks are slated to arrive in the country next week, a decision as to the price increase will be decided after stocks arrive.

Milk powder importers recently increased the price of a kg of milk powder from Rs 1,345 to Rs 1,945 while the price of 400g of milk powder was increased from Rs 540 to Rs 800.

By Faadhila Thassim