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
Former Defense Secretary not certain about entering politics, studying Trump
-- [2 hours ago]
Sri Lanka trade balance widens over 16 percent in December 2016 as import expenditure rises
-- [3 hours ago]
Temporary injunction against appointing a military officer as Sports Director of Education Ministry
-- [8 hours ago]
Fasting MP Wimal Weerawansa is too weak to attend hearing, court told
-- [9 hours ago]
Indian naval ship INS Darshak arrives at the Port of Colombo on a training visit
-- [9 hours ago]
USS Comstock arrives at Sri Lanka's Colombo Port on a training mission
Sri Lanka Railway engine drivers suspend strike
Indonesian Tourism Minister opens Sri Lanka stall at ASTINDO 2017
European Investment Bank delegation to make historic visit to Sri Lanka to explore new opportunities for future investment
CA Sri Lanka launches first ever financial reporting quiz to help enhance knowledge of accounting students

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.