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Message: <blockquote data-quote="lkdood" data-source="post: 12164865" data-attributes="member: 92282">Milk powder importers threatened to stop imports unless Consumer Affairs  Authority (CAA) did not permit to increase a packet of 450 gram milk  powder by Rs.15 by next Wednesday.Addressing a news briefing last afternoon in Colombo, CEO of the Maliban  Lukshman Weerasuriya said the decision was a collective one as all milk  powder importers that represent 95% of the local milk powder market  find it extremely difficult to engage in the milk powder trade as it has  become a loss making exercise. “All 6 milk powder importers incur a loss of Rs. 37 for every kilogram  of milk powder they sell in the local market due to the devaluation of  the rupee and increase of the US dollar. The demand to increase the  price of milk powder is nothing to do with the global market price or  any other overheads but solely on these two factors,” Mr. Weerasuiya  stressed. DM</blockquote>

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