Milk powder prices to go up
May 4, 2018 01:56 pm
The price of milk powder manufactured from tomorrow (5), excluding infant milk powder, will be increased, the Consumer Affairs Authority (CAA) said.
Following a decision of the Cost of Living Committee to allow increasing of the Maximum Retail Prices (MRP) of milk powder by Rs 20.00 (for 400 grams) and Rs 50.00 (for one Kg), it has now been decided to allow for such an increase in the local market effective midnight of May 4, 2018.
The MRP of other, differently weighted milk powder packs would increase pro rata (proportionally) based on these rates, the CAA said.
The CAA clarified that ehe price increases are applicable only for FULL CREAM MILK POWDER and not for any other types such as infant milk powder, non-fat milk etc.
The increase is also applicable only for full cream milk powder manufactured locally or overseas on or after May 5, 2018. Therefore there shall be no increase of MRPs of any milk powders available in the market at present. This MRP increase therefore is not applicable to any milk powders manufactured before May 5, 2018.
The recent history of allowed MRPs of one Kg of milk powder has been Rs 810 (2012 May onwards), Rs 962 (from Feb-2014), Rs 810 (from Feb-2015), Rs 810 (from March-2015), Rs 810 (from July 2016), and Rs 860 (latest revision of May 4, 2018).
The allowed MRP of 400 Gram milk powder packs has been Rs 325 (2012 May onwards), Rs 386 (from Feb-2014), Rs 325 (from Feb-2015), Rs 325 (from March-2015), Rs 325 (from July 2016), and Rs 345 (latest revision of May 4, 2018).
