The prices of imported milk powder will be increased from tomorrow, October 11, the Milk Powder Importers’ Association stated.
Thereby, a one-kilogram pack of milk powder will be increased by Rs. 250 while the price of a 400-gram pack is expected to go up by Rs. 100.
Following the revision in prices, a one-kilogram pack will be sold at Rs. 1,195 and the price of a 400-gram pack will be Rs. 480.
The price hike followed after the Government lifted the price controls on cement, LP gas, milk powder and wheat flour.
This decision was reached during a special meeting between President Gotabaya Rajapaksa and the Cabinet of Ministers.