Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Milk powder importer in Sri Lanka ordered to immediately release hidden stocks
Sat, Jan 4, 2014, 10:43 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 04, Colombo: Sri Lanka's Consumer Affairs Authority (CAA) has ordered a milk food company to immediately release the stocks of stashed milk powder to the market.

The company has imported 20 containers of milk powder and they remain in the container yard in Orugodwattta, according to CAA. The stock contains around 500 metric tons of milk powder.

The Authority says the importers are hoarding the milk powder stocks creating an artificial shortage to demand a price hike.

The Consumer Affairs Authority has warned that it will take legal action against any importer, manufacturer, or distributor of milk powder who hoards the essential item without approval from the Authority.

Prices of milk powder, an essential commodity in Sri Lanka, are controlled by the state Consumer Affairs Authority and the government has turned down requests from milk powder companies to increase the prices.

Milk powder companies have sought an increase of price of milk powder by Rs. 250 per kilo.

Meanwhile a strike launched by the employees of the state-owned Milco Company against the management had also affected the supplies of locally produced Highland brand of milk powder.

The employees of state owned milk food company Milco have launched a strike against the management.

The management accuses that the trade unions are under a contract of the foreign milk food companies.

ColomboPage - Recent 10 Stories
Supreme Court Judge Priyasad Dep sworn in as Acting Chief Justice
-- [4 hours ago]
CSE to host a seminar on Current Market Conditions - Live Streaming
-- [4 hours ago]
Body of assassinated journalist Lasantha Wickremetunga exhumed
-- [4 hours ago]
SriLankan Airlines commences services to Lahore from today
-- [5 hours ago]
Joint Opposition MP Mahindananda Aluthgamage granted bail
-- [5 hours ago]
ADB revises down growth forecast for Sri Lanka in 2016 & 2017
-- [6 hours ago]
Commercial Bank of Ceylon commences operations of its subsidiary in Maldives
-- [8 hours ago]
Treasury approval is mandatory from next year for provincial councilors to travel abroad
-- [9 hours ago]
Finance Minister is not harassed by the IMF - Deputy Minister
Five army personnel remanded over killing of two civilians in Achchuveli

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.