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MIA firm on not increasing milk powder price

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The Milk Powder Importers Association (MIA) yesterday assured that the current price of imported milk powder will not be increased under any circumstances although the port and air freight taxes have been increased by 10 percent.

According to the new tax policy the port and air freight taxes were increased by 10 percent from Saturday. MIA member Lakshman Weerasuriya told the Daily News Business that MIA will not take any undue advantage to increase the price of imported milk powder at this crucial juncture under the cover of Saturday’s increased freight taxes.

He said currently the country has adequate milk powder stocks that were imported a few months ago and these available stocks could be used for nearly two to three months and could fulfil the country’s future consumption.

He said currently the country has ample milk powder stocks that were imported earlier and due to this situation there is no need to increase the price unnecessarily and put much financial burden on consumers. Weerasuriya however said his association could even give another price reduction for price of milk powder in future if the Government reduces the already increased tax limit. He said his organization’s main intention is to pass that benefit to customers considering the current economic situation in the country.

Speaking on behalf of local dairy farmers Weerasuriya said the aim of his association is to protect local dairy farmers and if we reduce the milk powder prices at this moment it will affect to the local milk powder production. He said the Government too think about the situation of local milk production and help farmers to start their existing cattle farms.

He however said Sri Lanka’s monthly milk powder consumption is between 6,500 to 7,000 metric tons.

The post MIA firm on not increasing milk powder price appeared first on DailyNews.

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