Milk Tea Prices to Rise in Colombo
Source: dairynews.today
From April 1, the cost of a cup of milk tea in Colombo will increase due to a rise in milk powder prices.
The price of a cup of milk tea will rise by Rs.10 from April 1 due to the increase in the price of a 400g imported milk powder packet, the All Island Canteen and Restaurant Owners' Association (AICROA) said.
AICROA Chairman Harshana Rukshan stated that the decision follows a 4.7% increase in imported milk powder prices. As a result, the retail price of a packet of 400g milk powder is expected to rise by approximately Rs.50 by April 1.
AICROA Chairman Harshana Rukshan stated that the decision follows a 4.7% increase in imported milk powder prices. As a result, the retail price of a packet of 400g milk powder is expected to rise by approximately Rs.50 by April 1.
