Minister says prices of milk powder cannot be brought down immediately

Minister says prices of milk powder cannot be brought down immediately

Minister says prices of milk powder cannot be brought down immediately

Written by News 1st

13 May, 2014 | 7:23 pm

Minister of Cooperatives and Internal Trade, Johnston Fernando says that the price of milk powder is unlikely to see a decrease even though the world market price of milk powder has plummeted.

The Minister made this statement when speaking at a function held in Kurunegala on Tuesday.

“When the price of milk powder was increased in the world market for one and half years the government persisted and increased the price – when it had to be increased. Now the price of milk powder had seen a decrease in the world market at present, just because it has decreased we cannot bring down the prices at once, immediately. We have to look into every aspect of it, that is how a government operates.”

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