Price of dry milk increased in September

By Tanveer Sher

KARACHI: After recent massive increase in prices of tea and sugar, importers of dry milk have followed suit and announced upward revision in price of the commodity which may overburden buying powers of general consumers. This step was taken to fully exploit the lethargic nature of the concerned authorities.

The increase came into affect from Thursday on Milac brand of dry milk at all wholesale and retail outlets of Karachi. It would now be available at Rs 375 per kg compared to old rates of Rs 355 to Rs 360 per kg. Increased prices of rest of the popular brands are due to follow in next few days.

This is a second increase on dry milk witnessed during the current year, as earlier in the month of March similar increase had been announced by the importers in the garb of rise in the rates of the commodity in the international market.

However, during June and July and when substantial slump was witnessed in the global markets, no benefit was extended to the dry milk consumers.

Talking to the scribe, Fareed Qureshi, General Secretary Karachi Retailer and Grocer Group verified about the latest increase on milk rates claiming that in next few days, one kg of NIDO packet will be available to buyers at Rs 390 while one kg of popular brand Every Day milk would be sold to customers at Rs 345 per kg. Replying to a question he said that price of dry milk after fresh enhancement would be at Rs 290 per kg at retail outlets, compared to old price of Rs 275 to Rs 280 per kg.

Already the demand of all brands of tea along with sugar has plunged in the wake of massive upward revision in their rates, as witnessed during the current month while jacked up rates of dry milk by the importers would further restrict buying capacity of overwhelming segment of the population. Link...