• The companies have increased the price of a 400g pouch by Rs.125
• All the MILCO dairy products, including milk powder packets, will be increased soon

By Chaturanga Samarawickrama  

The local milk powder companies have taken steps to increase the prices of local milk powder after the introduction of the Social Security Contribution Tax and the high cost of ingredients.  

The companies have increased the price of a 400g pouch by Rs.125.  

Accordingly, the 400g packet of Pelwatte milk powder has now been increased by Rs.125.  

Meanwhile, Renuka Perera, the Chairman of MILCO Ltd., has stated that the prices of milk powder packets will be raised as well.  
“All milk powder manufacturing companies have been affected by the high cost of ingredients and by the Social Security Contribution Tax. “We have come to an unbearable situation,” he said.  

So all the MILCO dairy products, including milk powder packets, will be increased soon. The chairman said no decision has been taken yet to announce the prices, but discussions are under way.  

During a meeting held yesterday, it was proposed to revise the retail prices of 400g and one kilogram milk powder packets soon.  Accordingly, it has been proposed to increase the retail price of a 400g full cream Highland milk powder packet by Rs.100 (from Rs.850 to Rs.950) and a full cream one kilogram packet by Rs.230 (from Rs.2120 to Rs.2350). The 400g non-fat milk powder packet was proposed to be increased by Rs.210 (from Rs.840 to Rs.1050).