Milk powder importers have expressed their agreement to further reduce the prices of milk powder, said the Minister of Trade, Nalin Fernando.
He mentioned this during a discussion which was held last night (18).
The relevant associations had taken steps to reduce the prices of imported milk powder with effect from April 01, and accordingly, 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.
However, the minister emphasized that according to the agreement reached during yesterday’s negotiations, the milk powder importers had stated that they will notify on how the price of milk powder will be reduced within the next two days.
According to the Minister, the price of imported milk powder will be reduced once again from May.