Jan 14, 2019

Gives discounts despite claiming losses Featured

Information is coming to light about a mafia of milk powder importers who are threatening to suspend clearing their stocks at the port until permission is given to raise prices by Rs. 100 per pack.

Going by the discounts they are giving to consumers, there is suspicion over their claims of incurring monthly losses of between Rs. 30 million and Rs. 40 million.

At Rs. 280 per 400 gram pack, the lowest priced milk powder is Red Cow, marketed by Fonterra.

However, it is giving a 10 per cent discount and selling a pack at Rs. 252.

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Maliban Milk Products too is giving a Rs. 20 discount and selling a pack at Rs. 325.

Await further revelations about milk powder…

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