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Upward revision of milk food prices

Jun 19, 2010 11:48:59 AM - itnnews.lk

Prices of milk food have been revised with effect from midnight today. Briefing the media in Colombo today, Minister Johnston Fernando said the price revision was decided after considering requests made by Milk food Companies.

The Minister said there will be a price change in milk foods. The price of milk foods in the World market has soared from March this year. Companies had been requesting a price hike since 20th March. His Ministry after scrutinizing the issue, decided to increase the price of a 400 gram pack by 19 rupees. The price of a kilo pack will go up by 48 rupees. The price revision will be effective from midnight today. The price in the world market has increased from 2600 Dollars to 3700 Dollars. When considering the price structure, it has been found that the price in the world market has now increased up to 3900 Dollars.