Milk Powder Prices to Be Slashed by Manufacturers Tonight

News Today: Milk Powder Prices Slashed Tonight, Major Reduction Announced

In a significant development, local milk powder manufacturing companies have pledged to reduce the prices of milk powder starting tonight. The reduction aims to provide relief to consumers amid rising cost-of-living concerns.

According to the manufacturers, the price of a 400g sachet of full cream milk powder will be reduced by Rs. 75, bringing the new price to Rs. 1,050. Additionally, the price of a one-kilogram packet will be slashed by Rs. 190, with the new price set at Rs. 2,585.

The price cut comes after several discussions between the government and milk powder producers, addressing the need to balance local demand and affordability. The reduction is expected to ease the burden on families who have been facing increasing expenses on essential items.

This move will be closely monitored, and the public is encouraged to check the new prices at their nearest stores.