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::

* Women's group in Sri Lanka protests against milk powder price
Sun, Jun 8, 2014, 10:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 08, Colombo: A women's movement in Sri Lanka has organized a protest campaign against the price hike of milk powder.

The co-chairman of the Women for Rights Sumana Benaragama, Attorney-at-Law, said that the protest campaign will be initiated with a demonstration before the Consumer Affairs Authority in Colombo Monday evening.

She accused the government of trying to increase the price of milk powder covering to the welfare of the local dairy farmer.

She further said the movement protests the increase of import tax on milk powder.

The Finance Ministry said the Government decided to reduce the concession on customs duty granted to the milk powder importers with a view to maintain a fixed price for milk powder in the local market when there was a price hike of milk powder in the international market in the first half of this year.

Accordingly, the granted concession on imported milk powder has been reduced since the prices of milk powder continue to fall at present.

The Ministry explained that price of a metric ton of milk powder was around US$ 5,000 in January this year and it has dropped to US$ 3500-3800 by now.

Although a levy of Rs. 125 is charged per kilo of milk powder normally, only Rs. 57 was charged taking into consideration the price hike of milk powder in the global market during the first quarter of the year, and a concession of Rs. 68 per kilogram had been granted to the importers. However, it has been decided to reduce the concession on customs duty granted to the milk powder importers from Rs 68 to Rs.43 as the milk powder prices in the global market has dropped sharply by May this year.

Accordingly a levy of Rs. 82 per kilogram of milk powder has been imposed effective 02 June 2014.

** Related Story :: Sri Lanka raises import duty on milk powder

ColomboPage - Recent 10 Stories
Sri Lanka's veteran trade union leader Bala Tampoe passes away
-- [1 minutes ago]
UK has provided 3.5 million pounds for Sri Lanka's demining program
-- [12 minutes ago]
Chinese national arrested at Sri Lanka airport trying to smuggle Wallapatta
-- [6 hours ago]
UNP Chief ministerial candidate says meeting with President's son accidental
-- [6 hours ago]
Japanese Prime Minister to visit Sri Lanka next week
-- [8 hours ago]
Sri Lankan President likely to meet Indian PM on the sidelines of UN GA
-- [8 hours ago]
Sri Lanka Marxist party to lodge complaint with rights commission on election law violations
-- [9 hours ago]
Sri Lanka to begin own probe on war crime allegations soon
Sri Lankan President instructs to start a sea water purification project
Former Secretary General of Sri Lanka Parliament Sam Wijesinha passes away

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.