BIZ

Customs duty on milk powder is reimposed; Special commodity levy on eggs reduced

Published

2 years ago

August 27, 2023

editor

The Treasury has withdrawn the duty waiver granted for imported milk powder.

The decision has been taken with the aim of adjusting to world market prices, a senior official said. Accordingly, the applicable Customs import duty on the importation of powdered milk is 20% or Rs. 225 for a kilogram, whichever is higher, the Treasury states.

Meanwhile, the Treasury has reduced the special commodity levy on imported eggs from Rs. 50 an egg to Rs. 1 to encourage private sector imports. So far only the state sector has been importing eggs from India.

Egg prices have been dropping steadily after the removal of price controls and the import of eggs from India.

However, local producers said if the government reduced the taxes imposed on food items used in the poultry industry they could further reduce prices.

BIZ

Milco slashes prices of fresh milk & yoghurt

Published

12 hours ago

April 1, 2025

editor

Milco (Pvt) Ltd has announced a price reduction on Highland yogurt and fresh milk products, effective today (April 01), to provide relief to consumers.

Accordingly to new prices are :
Highland yogurt: Reduced from Rs. 80 to Rs. 70 (by Rs. 10)

450ml long-life liquid milk : Reduced from Rs. 225 to Rs. 200 (by Rs. 25)

450ml fresh milk pack : Reduced from Rs. 200 to Rs.170 (by Rs. 30)

BIZ

Milk tea price upped

Published

18 hours ago

April 1, 2025

editor

The price of a cup of milk tea has been increased by Rs.10 from midnight yesterday (March 31).

The All-Island Canteen and Restaurant Owners’ Association announces that the decision has been taken as a result of the government’s decision to increase the price of imported milk powder.

On March 18, milk powders importers decided to increase the prices of milk powder products by 4.7% from April 01 onwards.

Accordingly, the price of a 400g packet of imported milk powder is expected to increase by around Rs.50.

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