Milco resumes powdered milk production without price increase | Daily News

Milco resumes powdered milk production without price increase

The Milco company has resumed production of milk powder and has taken steps to release its products to the market from April 1 without any price increase, Milco Chairman Renuka Perera said.

The Chairman said that despite the increase in the prices of raw materials, the company will not increase prices as it will be a burden on the people.

In addition from the first week of next month, a programme will be launched to provide liquid milk to homes of consumers at concessionary prices, he added.

Perera said that despite the increase in prices in the world market, his company always strives to provide products to the people at affordable prices.

Despite the increase in the price of imported milk powder, there will be no increase in the price of any product manufactured by Milco.

However, milk powder importers have decided to increase prices due to the increase in the price of milk powder in the world market and the depreciation of the rupee.

Accordingly, milk powder importers have decided to increase the price of a 400 gram packet of milk powder by Rs.250 and the price of a 1 kg packet of milk powder by Rs.600.


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